Afren Given “Buy” Rating at Liberum Capital (AFR)
Afren (LON:AFR)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a research note issued to investors on Monday, Analyst Ratings Net reports. They currently have a GBX 229 ($3.77) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 58.04% from the company’s current price.
AFR has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Afren in a research note to investors on Friday. They now have a GBX 270 ($4.45) price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Afren from GBX 210 ($3.46) to GBX 220 ($3.62) in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at BNP Paribas downgraded shares of Afren to a “neutral” rating in a research note to investors on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 193.03 ($3.18).
Shares of Afren (LON:AFR) traded down 3.91% on Monday, hitting GBX 144.90. 3,208,153 shares of the company’s stock traded hands. Afren has a 52 week low of GBX 118.20 and a 52 week high of GBX 170.80. The stock’s 50-day moving average is GBX 164.3 and its 200-day moving average is GBX 116.8. The company’s market cap is £1.580 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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