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Equities researchers at Nomura raised their price target on shares of Faroe Petroleum Plc (LON:FPM) from GBX 190 ($3.13) to GBX 200 ($3.30) in a research report issued on Monday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Nomura’s price target would suggest a potential upside of 62.93% from the company’s current price.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Faroe Petroleum Plc in a research note to investors on Monday, December 30th. 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 an average price target of GBX 174.65 ($2.88).

Faroe Petroleum Plc (LON:FPM) opened at 122.75 on Monday. Faroe Petroleum Plc has a 1-year low of GBX 99.077 and a 1-year high of GBX 151.49. The stock’s 50-day moving average is GBX 116.2 and its 200-day moving average is GBX 122..

Faroe Petroleum plc is engaged in the exploration, appraisal, development and production of oil and gas reserves.

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