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Research analysts at Nomura upped their price target on shares of Afren (LON:AFR) from GBX 170 ($2.80) to GBX 210 ($3.46) in a report released on Monday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. Nomura’s target price indicates a potential upside of 29.07% from the stock’s previous close.

A number of other firms have also recently commented on AFR. 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. Separately, 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. Finally, analysts at Canaccord Genuity raised their price target on shares of Afren from GBX 190 ($3.13) to GBX 205 ($3.38) in a research note to investors on Wednesday, December 11th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 192.77 ($3.18).

Shares of Afren (LON:AFR) opened at 162.70 on Monday. 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 115.0. The company’s market cap is £1.774 billion.

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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