President Energy PLC (PPC) Given New GBX 17 Price Target at Peel Hunt

President Energy PLC (LON:PPC) had its price target lowered by Peel Hunt from GBX 18 ($0.23) to GBX 17 ($0.22) in a report published on Tuesday. Peel Hunt currently has a buy rating on the stock.

Separately, Canaccord Genuity reaffirmed a speculative buy rating and issued a GBX 12 ($0.16) price objective on shares of President Energy PLC in a research note on Wednesday, August 31st.

Shares of President Energy PLC (LON:PPC) traded down 3.14% during midday trading on Tuesday, reaching GBX 11.26. The company’s stock had a trading volume of 135,146 shares. The company has a 50 day moving average of GBX 11.78 and a 200-day moving average of GBX 9.00. President Energy PLC has a 52 week low of GBX 4.51 and a 52 week high of GBX 14.72. The stock’s market capitalization is GBX 53.11 million.

In other news, insider Levine,Peter M acquired 150,000 shares of President Energy PLC stock in a transaction dated Friday, July 15th. The stock was acquired at an average cost of GBX 8 ($0.10) per share, for a total transaction of £12,000 ($15,663.75).

About President Energy PLC

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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