http://zolmax.com/niko-resources-price-target-cut-to-c14-00-nko/98855/

Niko Resources Price Target Cut to C$14.00 (NKO)

Niko Resources (TSE:NKO) had its price objective lowered by Scotiabank from C$15.00 to C$14.00 in a report released on Thursday morning, ARN reports. Scotiabank currently has a sector perform rating on the stock.

NKO has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Niko Resources from C$15.00 to C$16.00 in a research note to investors on Wednesday, July 10th. They now have a sector perform rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Niko Resources from C$11.00 to C$13.00 in a research note to investors on Friday, June 28th. They now have a market perform rating on the stock. Finally, analysts at TD Securities downgraded shares of Niko Resources from a speculative buy rating to a hold rating in a research note to investors on Friday, June 28th. They now have a C$13.50 price target on the stock, up previously from C$13.00.

Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of C$11.83.

Niko Resources (TSE:NKO) traded down 2.98% on Thursday, hitting $6.18. 179,214 shares of the company’s stock traded hands. Niko Resources has a one year low of $5.13 and a one year high of $18.50. The stock has a 50-day moving average of $7.77 and a 200-day moving average of $7.36. The company’s market cap is $435.3 million.

Niko Resources Ltd. (TSE:NKO) 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.