Peel Hunt Lowers President Energy PLC (PPC) Price Target to GBX 17
President Energy PLC (LON:PPC) had its target price dropped by Peel Hunt from GBX 18 ($0.23) to GBX 17 ($0.22) in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Peel Hunt’s price target suggests a potential upside of 47.83% from the stock’s previous close.
Separately, Canaccord Genuity reissued a “speculative buy” rating and set a GBX 12 ($0.16) target price on shares of President Energy PLC in a report on Wednesday, August 31st.
President Energy PLC (LON:PPC) opened at 11.00 on Tuesday. The stock’s market capitalization is GBX 51.89 million. The company has a 50 day moving average price of GBX 11.76 and a 200 day moving average price of GBX 8.98. President Energy PLC has a 12 month low of GBX 4.51 and a 12 month high of GBX 14.72.
In related news, insider Levine,Peter M purchased 300,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were bought at an average price of GBX 10 ($0.13) per share, with a total value of £30,000 ($39,159.38).
President Energy PLC Company Profile
President Energy PLC is an independent, international oil and gas exploration and production company focused on South America. The Company has oil and gas production in two geographical markets: the United States of America and Argentina. It has exploration assets in Paraguay, Argentina, the United States of America and Australia.
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