Deutsche Bank Increases Afren Price Target to GBX 185 (AFR)
Deutsche Bank upped their price target on shares of Afren (LON:AFR) from GBX 180 ($2.97) to GBX 185 ($3.05) in a research note issued on Wednesday, AR Network reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target points to a potential upside of 24.16% from the stock’s previous close.
Afren (LON:AFR) traded down 0.93% on Wednesday, hitting GBX 149.50. 3,123,450 shares of the company’s stock traded hands. Afren has a one year low of GBX 118.20 and a one year high of GBX 170.80. The stock’s 50-day moving average is GBX 163.7 and its 200-day moving average is GBX 117.6. The company’s market cap is £1.630 billion.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Afren in a research note to investors on Wednesday. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Afren in a research note to investors on Tuesday. They now have a GBX 165 ($2.72) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Afren in a research note to investors on Tuesday. They now have a GBX 185 ($3.05) price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 193.31 ($3.19).
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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