Faroe Petroleum Plc PT Raised to GBX 160 (FPM)
Stock analysts at Canaccord Genuity upped their price objective on shares of Faroe Petroleum Plc (LON:FPM) from GBX 156 ($2.57) to GBX 160 ($2.64) in a report issued on Wednesday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 37.03% from the stock’s previous close.
Faroe Petroleum Plc (LON:FPM) traded up 0.22% on Wednesday, hitting GBX 116.76. 764,835 shares of the company’s stock traded hands. Faroe Petroleum Plc has a 52 week low of GBX 99.077 and a 52 week high of GBX 151.49. The stock’s 50-day moving average is GBX 116.3 and its 200-day moving average is GBX 122.3.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura raised their price target on shares of Faroe Petroleum Plc from GBX 190 ($3.13) to GBX 200 ($3.30) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Faroe Petroleum Plc in a research note to investors on Friday, January 10th. They now have a GBX 180 ($2.97) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Faroe Petroleum Plc in a research note to investors on Tuesday, January 7th. They now have a GBX 185 ($3.05) price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. Faroe Petroleum Plc has a consensus rating of “Buy” and a consensus target price of GBX 174.65 ($2.88).
Faroe Petroleum plc is engaged in the exploration, appraisal, development and production of oil and gas reserves.
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