Raymond James Financial Inc. Increases Kelt Exploration Ltd (KEL) Price Target to C$8.00
Kelt Exploration Ltd (TSE:KEL) had its price target lifted by research analysts at Raymond James Financial Inc. from C$6.50 to C$8.00 in a research note issued on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price objective would indicate a potential upside of 30.51% from the company’s current price.
A number of other research analysts have also weighed in on KEL. Dundee Securities lifted their target price on Kelt Exploration from C$6.50 to C$7.00 and gave the company a “buy” rating in a report on Thursday, August 11th. FirstEnergy Capital boosted their price objective on Kelt Exploration from C$6.00 to C$6.75 in a report on Thursday, August 11th. TD Securities boosted their price objective on Kelt Exploration from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Thursday, August 11th. Scotiabank reissued an “outperform” rating and set a C$8.00 price objective on shares of Kelt Exploration in a report on Thursday, August 11th. Finally, RBC Capital Markets boosted their price objective on Kelt Exploration from C$5.00 to C$6.00 in a report on Thursday, August 11th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Kelt Exploration presently has an average rating of “Buy” and an average target price of C$6.34.
Kelt Exploration (TSE:KEL) remained flat at $6.13 on Wednesday. The company had a trading volume of 1,032,639 shares. The firm’s 50 day moving average is $5.47 and its 200-day moving average is $4.75. The firm’s market capitalization is $1.07 billion. Kelt Exploration has a 12 month low of $2.51 and a 12 month high of $6.56.
Kelt Exploration Company Profile
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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