Canaccord 160p boosted target price...... Confirmation of the boost to the target price given to TXP recently by Canaccord.
Upgraded price target now 160p. And if Royston strikes and flows, that will be upgraded again considerably.
https://www.marketbeat.com/stocks/LON/TXP/price-target/ In simple terms, add 50p to the share price for each 250BCF of gas potential (if any) from Royston. If it looks like it could deliver an upper estimate of 1TCF - thats 200p on the share price. And if it delivers a duster, expect a kick in the teeth until Cascaudra comes on line Q2 2022 and the share price moves to 150p then as the wall of cash coming in from Cascadura production starts.
For me, fair value at present is 150p (based on the proven and verified reserves) and so any incremental value from any discovery at Royston adds on top of that current proven 150p of reserves.
The 160p target of Canaccord is quite fair imo based on the current situation, current proven and verified reserves with 10p on top of the 150p basic.