Nostrum Oil & Gas PLC (LON:NOG) Price Target Cut to GBX 630

Nostrum Oil & Gas PLC (LON:NOG) had its price target decreased by research analysts at Peel Hunt from GBX 700 ($9.09) to GBX 630 ($8.18) in a research note issued on Friday, July 21st. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s target price indicates a potential upside of 59.90% from the company’s current price.

Several other brokerages have also recently commented on NOG. Credit Suisse Group upgraded shares of Nostrum Oil & Gas PLC to an “outperform” rating and boosted their price target for the stock from GBX 440 ($5.71) to GBX 535 ($6.95) in a research note on Wednesday, March 29th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 570 ($7.40) price target on shares of Nostrum Oil & Gas PLC in a research note on Tuesday, April 18th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 600 ($7.79) price target on shares of Nostrum Oil & Gas PLC in a research note on Monday, April 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 583 ($7.57).

Nostrum Oil & Gas PLC (LON NOG) traded down 5.97% during mid-day trading on Friday, hitting GBX 394.00. The stock had a trading volume of 165,413 shares. The stock’s market cap is GBX 729.82 million. Nostrum Oil & Gas PLC has a 1-year low of GBX 255.00 and a 1-year high of GBX 535.00. The firm’s 50-day moving average price is GBX 429.30 and its 200-day moving average price is GBX 464.55.

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About Nostrum Oil & Gas PLC

Nostrum Oil & Gas PLC (Nostrum) is an independent oil and gas company. The Company is engaged in the production, development and exploration of oil and gas in the pre-Caspian Basin. The Company’s range of products includes crude oil, stabilized liquid condensate, liquefied petroleum gas (LPG) and dry gas.

Analyst Recommendations for Nostrum Oil & Gas PLC (LON:NOG)

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