Faroe Petroleum Plc Given New GBX 175 Price Target at Liberum Capital (FPM)
Stock analysts at Liberum Capital dropped their price objective on shares of Faroe Petroleum Plc (LON:FPM) from GBX 183 ($2.96) to GBX 175 ($2.83) in a report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target would indicate a potential upside of 38.45% from the company’s current price.
Faroe Petroleum Plc (LON:FPM) traded down 1.83% on Wednesday, hitting GBX 126.3997. 451,410 shares of the company’s stock traded hands. Faroe Petroleum Plc has a one year low of GBX 99.077 and a one year high of GBX 164.00. The stock’s 50-day moving average is GBX 128.6 and its 200-day moving average is GBX 119..
A number of other firms have also recently commented on FPM. Analysts at Westhouse Securities upgraded shares of Faroe Petroleum Plc from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 4th. They now have a GBX 175 ($2.83) price target on the stock, up previously from GBX 162 ($2.62). Separately, analysts at Nomura cut their price target on shares of Faroe Petroleum Plc from GBX 210 ($3.40) to GBX 190 ($3.07) in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Faroe Petroleum Plc from GBX 200 ($3.23) to GBX 190 ($3.07) in a research note to investors on Tuesday, October 1st. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 178.19 ($2.88).
Faroe Petroleum plc is engaged in the exploration, appraisal, development and production of oil and gas reserves.
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