Broker Recommendations

Canaccord trims Vaalco target price as investment programme delays cash flow uplift

By Iain Gilbert

Date: Monday 09 Nov 2026

(Sharecast News) - Canaccord Genuity cut its target price on Vaalco Energy to 765p from 800p on Monday, reflecting updated production guidance and a more cautious long-term outlook for the group's Etame asset in Gabon.
The Canadian bank, whih retained its 'buy' recommendation on the stock, said Vaalco's third-quarter results were...

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