Canaccord Genuity Group Cuts Arrow Exploration (LON:AXL) Price Target to GBX 27

Arrow Exploration (LON:AXL) had its target price cut by investment analysts at Canaccord Genuity Group from GBX 30 to GBX 27 in a report issued on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 114.00% from the stock’s current price.

Arrow Exploration Trading Down 13.0%

Shares of Arrow Exploration stock opened at GBX 12.62 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.44. The firm has a market cap of £45.21 million, a price-to-earnings ratio of 75.17 and a beta of 1.51. The business has a fifty day simple moving average of GBX 16.29 and a 200-day simple moving average of GBX 17.12. Arrow Exploration has a fifty-two week low of GBX 12.37 and a fifty-two week high of GBX 33.18.

Arrow Exploration Company Profile

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy SA) is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. The Company’s business plan is to expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin.