Afren Receives Underweight Rating from JPMorgan Chase & Co. (AFR)
Afren (LON:AFR)‘s stock had its “underweight” rating restated by JPMorgan Chase & Co. in a research note issued on Thursday, AnalystRatingsNetwork.com reports.
Shares of Afren (LON:AFR) traded down 0.42% on Thursday, hitting GBX 164.90. The stock had a trading volume of 1,383,651 shares. Afren has a 52 week low of GBX 118.20 and a 52 week high of GBX 170.80. The stock has a 50-day moving average of GBX 164.6 and a 200-day moving average of GBX 114.6. The company’s market cap is £1.798 billion.
A number of other firms have also recently commented on AFR. Analysts at Canaccord Genuity cut their price target on shares of Afren from GBX 205 ($3.38) to GBX 185 ($3.05) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target 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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