Stock analysts at Beaufort Securities assumed coverage on shares of Solo Oil PLC (LON:SOLO) in a report released on Wednesday. The firm set a “buy” rating and a GBX 0.84 ($0.01) price target on the stock. Beaufort Securities’ price objective indicates a potential upside of 205.45% from the stock’s previous close.
Separately, Shore Capital reissued a “house stock” rating on shares of Solo Oil PLC in a research note on Tuesday, July 5th.
Shares of Solo Oil PLC (LON:SOLO) traded up 3.774% during mid-day trading on Wednesday, reaching GBX 0.275. 304,668,145 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 0.23 and its 200-day moving average price is GBX 0.25. Solo Oil PLC has a 12-month low of GBX 0.19 and a 12-month high of GBX 0.49. The stock’s market capitalization is GBX 15.90 million.