Africa Oil Given New C$15.00 Price Target at RBC Capital (AOI)
Research analysts at RBC Capital hoisted their price objective on shares of Africa Oil (CVE:AOI) from C$12.00 to C$15.00 in a report released on Wednesday, ARN reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 94.05% from the stock’s previous close.
AOI has been the subject of a number of other recent research reports. Analysts at TD Securities raised their price target on shares of Africa Oil (CVE:AOI) from C$11.50 to C$12.00 in a research note to investors on Thursday, September 5th. They now have a “speculative buy” rating on the stock. Finally, analysts at Dundee Securities raised their price target on shares of Africa Oil (CVE:AOI) from C$14.00 to C$14.50 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$11.60.
Africa Oil Corp. (CVE:AOI) is a Canada-based international oil and gas exploration and development company.
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