Ophir Energy Price Target Cut to GBX 315 (OPHR)
Canaccord Genuity decreased their target price on shares of Ophir Energy (LON:OPHR) from GBX 400 ($6.59) to GBX 315 ($5.19) in a research note issued on Wednesday, AnalystRatings.Net reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 3.65% from the company’s current price.
A number of other analysts have also recently weighed in on OPHR. Analysts at Nomura upgraded shares of Ophir Energy to a “buy” rating in a research note to investors on Monday. They now have a GBX 460 ($7.58) price target on the stock, up previously from GBX 430 ($7.09). Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Ophir Energy in a research note to investors on Friday, January 10th. They now have a GBX 325 ($5.36) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ophir Energy in a research note to investors on Wednesday, January 8th. They now have a GBX 400 ($6.59) price target on the stock. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 469 ($7.73).
Ophir Energy plc is an independent oil and gas exploration business with a focus on Africa. The principal activities of the Company are exploration for oil and gas, predominantly in deepwater acreage in eight jurisdictions in East and West Africa.
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