Valeura Energy’s (VLU) “Buy” Rating Reiterated at Canaccord Genuity

Valeura Energy (LON:VLU)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a report released on Monday, Digital Look reports. They currently have a GBX 570 ($7.45) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 230.43% from the company’s current price.

Shares of VLU traded up GBX 2.50 ($0.03) during trading hours on Monday, hitting GBX 172.50 ($2.25). 1,712 shares of the stock were exchanged. Valeura Energy has a fifty-two week low of GBX 125 ($1.63) and a fifty-two week high of GBX 180 ($2.35). The company has a quick ratio of 4.02, a current ratio of 4.11 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is GBX 138.29.

In related news, insider Russell Hiscock bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average cost of GBX 145 ($1.89) per share, with a total value of £14,500 ($18,946.82).

About Valeura Energy

Valeura Energy Inc, together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Turkey. As of December 31, 2018, it had interests in 20 exploration licenses and production leases comprising approximately 0.46 million gross acres in the Thrace Basin of Turkey.

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