Royal Bank Of Canada Raises Kelt Exploration Ltd (KEL) Price Target to C$7.00
Kelt Exploration Ltd (TSE:KEL) had its price target raised by research analysts at Royal Bank Of Canada from C$6.00 to C$7.00 in a research note issued on Thursday. Royal Bank Of Canada’s price target indicates a potential upside of 11.29% from the company’s current price.
A number of other equities research analysts have also weighed in on the company. RBC Capital Markets lifted their target price on Kelt Exploration from C$6.00 to C$7.00 in a research report on Thursday. Raymond James Financial Inc. lifted their price target on Kelt Exploration from C$6.50 to C$8.00 in a report on Wednesday. TD Securities lifted their price target on Kelt Exploration from C$7.50 to C$8.50 and gave the company an “action list buy” rating in a report on Tuesday, September 6th. Scotiabank reiterated an “outperform” rating and issued a C$8.00 price target on shares of Kelt Exploration in a report on Thursday, August 11th. Finally, FirstEnergy Capital lifted their price target on Kelt Exploration from C$6.00 to C$6.75 in a report on Thursday, August 11th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of C$6.48.
Kelt Exploration (TSE:KEL) traded up 3.97% on Thursday, reaching $6.29. The company’s stock had a trading volume of 1,585,954 shares. The company’s market capitalization is $1.10 billion. The firm’s 50 day moving average price is $5.49 and its 200-day moving average price is $4.76. Kelt Exploration has a 1-year low of $2.51 and a 1-year high of $6.56.
About Kelt Exploration
Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.
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