Arrow Exploration (LON:AXL) Price Target Lowered to GBX 44 at Canaccord Genuity Group

Arrow Exploration (LON:AXL) had its price target lowered by research analysts at Canaccord Genuity Group from GBX 50 ($0.62) to GBX 44 ($0.55) in a report released on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 121.66% from the stock’s current price.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 50 ($0.62) target price on shares of Arrow Exploration in a research note on Tuesday, December 17th.

Arrow Exploration Price Performance

LON:AXL traded down GBX 0.05 ($0.00) during mid-day trading on Friday, reaching GBX 19.85 ($0.25). The stock had a trading volume of 1,611,510 shares, compared to its average volume of 1,223,761. The firm has a 50 day moving average price of GBX 23.76 and a two-hundred day moving average price of GBX 26.44. The stock has a market capitalization of £56.74 million, a P/E ratio of 676.67 and a beta of 1.51. Arrow Exploration has a one year low of GBX 17.50 ($0.22) and a one year high of GBX 33.50 ($0.42). The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.65 and a current ratio of 1.50.

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.