Afren’s “Overweight” Rating Reaffirmed at Barclays (AFR)
Afren (LON:AFR)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays in a note issued to investors on Tuesday, ARN reports. They currently have a GBX 225 ($3.70) price objective on the stock. Barclays’ price target points to a potential upside of 50.50% from the company’s current price.
Shares of Afren (LON:AFR) traded up 1.36% during mid-day trading on Tuesday, hitting GBX 149.50. 2,473,980 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 has a 50-day moving average of GBX 162.4 and a 200-day moving average of GBX 118.9. The company’s market cap is £1.630 billion.
A number of other firms have also recently commented on AFR. Analysts at Deutsche Bank raised their price target on shares of Afren from GBX 180 ($2.96) to GBX 185 ($3.04) in a research note to investors on Wednesday, January 29th. They now have a “hold” rating on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Afren in a research note to investors on Wednesday, January 29th. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Afren in a research note to investors on Tuesday, January 28th. They now have a GBX 165 ($2.71) price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 193.31 ($3.18).
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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