Gulf Keystone Petroleum Limited (GKP) Given New GBX 260 Price Target at Canaccord Genuity

Gulf Keystone Petroleum Limited (LON:GKP) had its target price dropped by investment analysts at Canaccord Genuity to GBX 260 ($3.27) in a research report issued on Friday. The brokerage presently has a “buy” rating on the oil production company’s stock. Canaccord Genuity’s target price suggests a potential upside of 125.60% from the stock’s current price.

Gulf Keystone Petroleum Limited (LON:GKP) opened at 114.50 on Friday. The stock has a 50 day moving average of GBX 121.39 and a 200 day moving average of GBX 130.26. Gulf Keystone Petroleum Limited has a 52 week low of GBX 109.99 and a 52 week high of GBX 800.08. The company’s market cap is GBX 262.47 million.

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About Gulf Keystone Petroleum Limited

Gulf Keystone Petroleum Limited (Gulf Keystone) is a holding company, which is engaged in the oil and gas exploration and production. The Company operates in the Kurdistan Region of Iraq and the Republic of Algeria. It operates through segments, including Kurdistan Region of Iraq, United Kingdom and Algeria.

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