Meristem Securities raises price target on Forte Oil to N77.41
MERISTEM Securities Ltd has raised the price target for Forte Oil Plc to N77.41 from N64.09, implying a 68 percent increase from the last close. Forte Oil’s shares closed at N57.96 at the end of trading on Friday, July 21, 2017. The Lagos-based investment house also upgraded its recommendation on Forte Oil to ‘buy’ from ‘hold’.