Africa Oil Downgraded by Societe Generale to “Sell” (AOI)
Africa Oil (CVE:AOI) was downgraded by Societe Generale from a “hold” rating to a “sell” rating in a research note issued on Monday, StockRatingsNetwork reports.
A number of other analysts have also recently weighed in on AOI. Analysts at Socgen downgraded shares of Africa Oil from a “hold” rating to a “sell” rating in a research note to investors on Monday. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Africa Oil presently has an average rating of “Hold” and an average price target of C$11.60.
Africa Oil Corp. (CVE:AOI) is a Canada-based international oil and gas exploration and development company.
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.