forte

Meristem Securities raises price target on Forte Oil to N77.41

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’.