Africa Oil Rating Lowered to Neutral at Goldman Sachs Group Inc. (AOI)
Africa Oil (CVE:AOI) was downgraded by investment analysts at Goldman Sachs Group Inc. to a “neutral” rating in a note issued to investors on Thursday, ARN reports.
AOI has been the subject of a number of other recent research reports. Analysts at Credit Suisse initiated coverage on shares of Africa Oil in a research note to investors on Wednesday, December 18th. They set an “outperform” rating on the stock. Separately, analysts at CSFB initiated coverage on shares of Africa Oil in a research note to investors on Wednesday, December 18th. They set an “outperform” rating and a C$12.00 price target on the stock. Finally, analysts at TD Securities raised their price target on shares of Africa Oil from C$13.00 to C$13.50 in a research note to investors on Tuesday, December 10th. They now have a “speculative buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Africa Oil has a consensus rating of “Hold” and an average price target of C$11.42.
Africa Oil Corp. (CVE:AOI) is a Canada-based international oil and gas exploration and development company.
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