Royal Bank of Canada Trims Leucrotta Exploration (LXE) Target Price to C$1.50

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Leucrotta Exploration (CVE:LXE) had its price objective trimmed by Royal Bank of Canada from C$2.00 to C$1.50 in a report issued on Monday. The firm currently has a buy rating on the oil and natural gas company’s stock.

A number of other research analysts have also issued reports on the stock. Raymond James cut their price target on shares of Leucrotta Exploration from C$2.75 to C$2.45 in a research note on Friday, October 5th. Cormark cut their price target on shares of Leucrotta Exploration from C$3.00 to C$2.60 in a research note on Thursday, November 29th. GMP Securities cut their price target on shares of Leucrotta Exploration from C$1.50 to C$1.40 in a research note on Thursday, December 13th. National Bank Financial cut their price objective on shares of Leucrotta Exploration from C$2.50 to C$2.00 in a research note on Monday, December 10th. Finally, CIBC cut their price objective on shares of Leucrotta Exploration from C$2.00 to C$1.60 in a research note on Thursday, November 29th.

Shares of Leucrotta Exploration stock opened at C$1.06 on Monday. Leucrotta Exploration has a 12-month low of C$0.86 and a 12-month high of C$2.12.

About Leucrotta Exploration

Leucrotta Exploration Inc operates as an oil and natural gas company. The company acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. It holds interest in approximately 100,500 gross acres of Montney land in Doe/Mica. Leucrotta Exploration Inc was incorporated in 2014 and is based in Calgary, Canada.

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