Niko Resources PT Raised to C$13.00 (NKO) Equities research analysts at Scotiabank
lifted their price objective on shares of Niko Resources (TSE: NKO) from C$12.00 to C$13.00 in a research note issued to investors on Friday, Stock Ratings Network.comreports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 64.77% from the company’s current price.
Separately, analysts at TD Securities raised their price target on shares of Niko Resources from C$12.50 to C$13.00 in a research note to investors on Monday, May 27th. They now have a “speculative buy” rating on the stock.
Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Niko Resources has an average rating of “Hold” and a consensus target price of C$12.94.
Shares of Niko Resources (TSE: NKO) opened at 7.89 on Friday. Niko Resources has a one year low of $5.13 and a one year high of $22.45. The stock’s 50-day moving average is currently $7.33. The company’s market cap is $554.0 million.
Niko Resources Ltd. (TSE: NKO) is engaged in the exploration for and development and production of natural gas and oil in India, Bangladesh, Indonesia, the Kurdistan region of Iraq, Trinidad, Pakistan and Madagascar.
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