Afren Price Target Cut to GBX 185 by Analysts at Canaccord Genuity (AFR)
Investment analysts at Canaccord Genuity lowered their price target on shares of Afren (LON:AFR) from GBX 205 ($3.38) to GBX 185 ($3.05) in a note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 11.71% from the stock’s previous close.
Afren (LON:AFR) traded down 1.25% on Wednesday, hitting GBX 165.60. 1,483,219 shares of the company’s stock traded hands. Afren has a one year low of GBX 118.20 and a one year high of GBX 170.80. The stock has a 50-day moving average of GBX 164. and a 200-day moving average of GBX 114.. The company’s market cap is £1.805 billion.
Several other analysts have also recently commented on the stock. Analysts at Nomura raised their price target on shares of Afren from GBX 170 ($2.80) to GBX 210 ($3.46) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Afren in a research note to investors on Friday, January 10th. They now have a GBX 232 ($3.82) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Afren in a research note to investors on Wednesday, January 8th. They now have a GBX 180 ($2.97) price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Afren presently has an average rating of “Buy” and a consensus target price of GBX 192.77 ($3.18).
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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