Afren Plc Rating Reiterated by Credit Suisse (AFR)
Afren Plc (LON:AFR)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse in a report issued on Monday, Analyst RN reports. They currently have a GBX 177 ($2.93) price target on the stock. Credit Suisse’s target price points to a potential upside of 24.15% from the company’s current price.
Afren Plc (LON:AFR) traded down 2.59% on Monday, hitting GBX 139.30. 3,853,644 shares of the company’s stock traded hands. 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 151. and a 200-day moving average of GBX 153.3. The company’s market cap is £1.529 billion.
A number of other analysts have also recently weighed in on AFR. Analysts at HSBC reiterated an “overweight” rating on shares of Afren Plc in a research note on Tuesday, April 1st. They now have a GBX 255 ($4.23) price target on the stock. Separately, analysts at SBG Securities reiterated a “buy” rating on shares of Afren Plc in a research note on Friday, March 28th. They now have a GBX 210 ($3.48) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Afren Plc in a research note on Thursday, March 27th. They now have a GBX 180 ($2.98) price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Afren Plc currently has a consensus rating of “Buy” and a consensus target price of GBX 200 ($3.32).
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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