Peel Hunt Reiterates Buy Rating for Chariot Oil & Gas Limited (CHAR)

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Chariot Oil & Gas Limited (LON:CHAR)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a research report issued to clients and investors on Wednesday. They currently have a GBX 15 ($0.20) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 157.51% from the stock’s previous close.
Several other equities analysts have also commented on the company. Beaufort Securities reiterated a “speculative buy” rating on shares of Chariot Oil & Gas Limited in a research report on Friday, June 17th. FinnCap restated a “corporate” rating and set a GBX 35 ($0.47) target price on shares of Chariot Oil & Gas Limited in a report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Chariot Oil & Gas Limited currently has an average rating of “Hold” and an average price target of GBX 15 ($0.20).
Shares of Chariot Oil & Gas Limited (LON:CHAR) opened at 5.825 on Wednesday. The company’s market cap is GBX 15.39 million. The stock’s 50 day moving average price is GBX 5.79 and its 200 day moving average price is GBX 6.96. Chariot Oil & Gas Limited has a 12-month low of GBX 4.31 and a 12-month high of GBX 11.88.

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About Chariot Oil & Gas Limited
Chariot Oil & Gas Limited is a United Kingdom-based oil and gas exploration company. The Company explores in emerging and frontier basins to discover material accumulation of hydrocarbons. It operates three licenses (Rabat Deep, Loukos and Mohammedia in the northern region offshore Morocco. It holds 55% and operatorship in the C-19 license offshore Mauritania.

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