Faroe Petroleum Plc Price Target Cut to GBX 190 (FPM)
Equities researchers at RBC Capital lowered their price target on shares of Faroe Petroleum Plc (LON:FPM) from GBX 200 ($3.23) to GBX 190 ($3.07) in a research report issued on Tuesday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 54.42% from the stock’s previous close.
Shares of Faroe Petroleum Plc (LON:FPM) traded down 2.44% on Tuesday, hitting GBX 120.00. The stock had a trading volume of 111,081 shares. Faroe Petroleum Plc has a one year low of GBX 99.077 and a one year high of GBX 164.00. The stock has a 50-day moving average of GBX 128.3 and a 200-day moving average of GBX 121..
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Faroe Petroleum Plc (LON:FPM) from GBX 166 ($2.68) to GBX 164 ($2.65) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Panmure Gordon cut their price target on shares of Faroe Petroleum Plc (LON:FPM) from GBX 190 ($3.07) to GBX 184 ($2.97) in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Faroe Petroleum Plc (LON:FPM) in a research note to investors on Wednesday, September 18th. They now have a GBX 190 ($3.07) price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 178.87 ($2.89).
Faroe Petroleum plc is engaged in the exploration, appraisal, development and production of oil and gas reserves.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.