President Petroleum (PPC) Price Target Cut to GBX 12.50 by Analysts at Peel Hunt

President Petroleum (LON:PPC) had its target price cut by Peel Hunt from GBX 13 ($0.18) to GBX 12.50 ($0.17) in a research note released on Monday morning. They currently have a buy rating on the stock.

Separately, FinnCap reaffirmed a corporate rating on shares of President Petroleum in a research report on Monday.

Shares of President Petroleum opened at GBX 9.76 ($0.13) on Monday, MarketBeat reports. President Petroleum has a twelve month low of GBX 5.75 ($0.08) and a twelve month high of GBX 12.50 ($0.17).

President Petroleum Company Profile

President Energy PLC engages in the exploration, evaluation, and production of oil and gas properties primarily in South America. The company holds interests in the Pirity and Hernandarias concessions in Paraguay; and the CNO-8 Puesto Guardian, and Matorras and Ocultar licenses in Argentina. It also holds interests in two producing oil and gas fields in Louisiana.

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