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Faroe Petroleum Plc (LON:FPM)‘s stock had its “buy” rating restated by investment analysts at Westhouse Securities in a note issued to investors on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 185 ($3.04) price objective on the stock. Westhouse Securities’ price objective suggests a potential upside of 52.08% from the stock’s previous close.

Shares of Faroe Petroleum Plc (LON:FPM) opened at 125.25 on Wednesday. Faroe Petroleum Plc has a 1-year low of GBX 99.077 and a 1-year high of GBX 151.49. The stock has a 50-day moving average of GBX 116.2 and a 200-day moving average of GBX 122.6.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Faroe Petroleum Plc from GBX 156 ($2.56) to GBX 160 ($2.63) in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Separately, analysts at Nomura raised their price target on shares of Faroe Petroleum Plc from GBX 190 ($3.12) to GBX 200 ($3.28) in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Finally, 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 ($2.95) 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 given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 174.65 ($2.87).

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

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