Seplat Petroleum Development Company PLC (LON:SEPL) had its target price raised by investment analysts at Citigroup Inc. from GBX 100 ($1.29) to GBX 147 ($1.90) in a research report issued on Monday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s target price points to a potential upside of 38.35% from the stock’s current price.

Shares of Seplat Petroleum Development Company PLC (LON:SEPL) opened at 106.25 on Monday. The firm’s market capitalization is GBX 598.66 million. Seplat Petroleum Development Company PLC has a one year low of GBX 63.75 and a one year high of GBX 114.50. The firm’s 50 day moving average is GBX 106.23 and its 200-day moving average is GBX 90.31.

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About Seplat Petroleum Development Company PLC

Seplat Petroleum Development Company Plc (Seplat) is a Nigeria-based company engaged in oil and gas exploration and production. The Company’s segment is the exploration, development and production of oil and gas related projects located in Nigeria. The Company’s portfolio consists of approximately six blocks in the Niger Delta, including oil mining lease (OML) 4, OML 38, OML 41, OPL 283, OML 53 and OML 55.

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