Faroe Petroleum plc Given “Buy” Rating at Westhouse Securities (FPM)
Faroe Petroleum plc (LON:FPM)‘s stock had its “buy” rating restated by Westhouse Securities in a research note issued on Monday, AmericanBankingNews.com reports. They currently have a GBX 200 ($3.37) target price on the stock. Westhouse Securities’ price objective indicates a potential upside of 34.59% from the company’s current price.
A number of other firms have also recently commented on FPM. Analysts at Cantor Fitzgerald Europe cut their price target on shares of Faroe Petroleum plc from GBX 198 ($3.34) to GBX 195 ($3.28) in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Faroe Petroleum plc from GBX 131 ($2.21) to GBX 134 ($2.26) in a research note on Thursday, May 1st. They now have an “underperform” rating on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Wednesday, April 30th. They now have a GBX 200 ($3.37) price target on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 176 ($2.96).
Faroe Petroleum plc (LON:FPM) opened at 136.00 on Monday. Faroe Petroleum plc has a 52-week low of GBX 99.077 and a 52-week high of GBX 154.888. The stock has a 50-day moving average of GBX 132.1 and a 200-day moving average of GBX 121.4.
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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