Afren Plc Given Average Recommendation of “Buy” by Analysts (LON:AFR)
Shares of Afren Plc (LON:AFR) have earned an average rating of “Buy” from the twenty-three ratings firms that are currently covering the stock, AnalystRatings.Net reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 194.14 ($3.23).
A number of analysts have recently weighed in on AFR shares. Analysts at Westhouse Securities raised their price target on shares of Afren Plc from GBX 165 ($2.74) to GBX 180 ($2.99) in a research note on Wednesday, February 5th. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Afren Plc in a research note on Tuesday, February 4th. They now have a GBX 225 ($3.74) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Afren Plc from GBX 180 ($2.99) to GBX 185 ($3.08) in a research note on Wednesday, January 29th. They now have a “hold” rating on the stock.
Shares of Afren Plc (LON:AFR) traded down 0.39% during mid-day trading on Monday, hitting GBX 153.40. The stock had a trading volume of 2,052,758 shares. Afren Plc 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 156.7 and a 200-day moving average of GBX 151.5. The company’s market cap is £1.672 billion.
Afren plc is a United Kingdom-based oil and gas exploration and production company operating in Africa and the Middle East.
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