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Shares of Faroe Petroleum Plc (LON:FPM) have received an average rating of “Buy” from the seventeen analysts that are currently covering the stock, StockRatingsNetwork reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 170.05 ($2.79).

A number of analysts have recently weighed in on FPM shares. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Faroe Petroleum Plc in a research note to investors on Thursday. They now have a GBX 184 ($3.02) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Faroe Petroleum Plc in a research note to investors on Thursday. They now have a GBX 185 ($3.04) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Faroe Petroleum Plc in a research note to investors on Monday. They now have a GBX 154 ($2.53) price target on the stock.

Faroe Petroleum Plc (LON:FPM) opened at 111.00 on Friday. Faroe Petroleum Plc has a one year low of GBX 99.077 and a one 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 123.0.

Faroe Petroleum plc is an independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway.

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