Africa Oil Downgraded by Socgen to Sell (AOI)
Africa Oil (CVE:AOI) was downgraded by equities research analysts at Socgen from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, American Banking News reports.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Africa Oil from C$12.00 to C$15.00 in a research note to investors on Wednesday, September 11th. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Africa Oil 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 TD Securities initiated coverage on shares of Africa Oil in a research note to investors on Friday, August 16th. They set a “speculative buy” rating and a C$11.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Africa Oil has a consensus rating of “Hold” and a consensus price target 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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