Scotiabank lowered their price target on shares of Niko Resources (TSE: NKO)
NKO has been the subject of a number of other recent research reports. Analysts at Haywood Securities cut their price target on shares of Niko Resources from $20.00 to $15.00 in a research note to investors on Friday, February 15th. Separately, analysts at Raymond James upgraded shares of Niko Resources from an ?underperform? rating to an ?outperform? rating in a research note to investors on Thursday, January 31st. They now have a $13.00 price target on the stock, up previously from $8.00. Finally, analysts at RBC Capital raised their price target on shares of Niko Resources from $11.00 to $15.00 in a research note to investors on Tuesday, January 29th. They now have a ?sector perform? rating on the stock.
Niko Resources traded up 0.31% on Monday, hitting $6.50. Niko Resources has a 52-week low of $5.84 and a 52-week high of $47.52. The stock?s 50-day moving average is currently $8.55. The company?s market cap is $456.4 million.
Niko Resources Ltd. (Niko) 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.