Today: Today, Kelt Exploration Ltd (KEL) Given Average Recommendation of “Buy” from Analysts

Today, Kelt Exploration Ltd (KEL) Given Average Recommendation of “Buy” from Analysts

Kelt Exploration Ltd (TSE:KEL) has been given a consensus rating of “Buy” by the fourteen analysts that are covering the firm. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$6.80.

Several equities analysts have recently weighed in on the company. Scotiabank reiterated an “outperform” rating and issued a C$8.00 price target on shares of Kelt Exploration in a research report on Thursday, August 11th. Dundee Securities boosted their target price on Kelt Exploration from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Royal Bank Of Canada boosted their target price on Kelt Exploration from C$5.00 to C$6.00 in a research report on Friday, August 12th. RBC Capital Markets boosted their target price on Kelt Exploration from C$5.00 to C$6.00 in a research report on Thursday, August 11th. Finally, TD Securities boosted their target price on Kelt Exploration from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Thursday, August 11th.

Kelt Exploration (TSE:KEL) traded down 4.56% during midday trading on Friday, hitting $6.07. The company’s stock had a trading volume of 1,781,854 shares. The stock has a 50 day moving average of $6.21 and a 200 day moving average of $5.23. The company’s market cap is $1.07 billion. Kelt Exploration has a 52-week low of $2.51 and a 52-week high of $6.98.

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