Afren Stock Rating Reaffirmed by Goldman Sachs Group Inc. (AFR)
Afren (LON:AFR)‘s stock had its “conviction-buy” rating reaffirmed by research analysts at Goldman Sachs Group Inc. in a report released on Monday, StockRatingsNetwork reports. They currently have a GBX 260 ($4.15) target price on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 78.57% from the company’s current price.
Shares of Afren (LON:AFR) traded up 6.98% during mid-day trading on Monday, hitting GBX 145.60. The stock had a trading volume of 4,471,654 shares. Afren has a 52 week low of GBX 118.20 and a 52 week high of GBX 162.00. The stock’s 50-day moving average is GBX 16.5 and its 200-day moving average is GBX 14.42. The company’s market cap is £1.585 billion.
AFR has been the subject of a number of other recent research reports. Analysts at Nomura cut their price target on shares of Afren from GBX 180 ($2.87) to GBX 170 ($2.71) in a research note to investors on Wednesday, October 2nd. They now have a “neutral” rating on the stock. Separately, analysts at RBC Capital downgraded shares of Afren to a “sector perform” rating in a research note to investors on Monday, September 2nd. They now have a GBX 170 ($2.71) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Afren from GBX 220 ($3.51) to GBX 190 ($3.03) in a research note to investors on Friday, August 23rd. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 181.35 ($2.90).
Afren plc (LON:AFR) is engaged in oil and gas exploration, development and production in Africa and the Kurdistan region of Iraq.
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