Cantor Fitzgerald Europe Lowers Faroe Petroleum plc Price Target to GBX 195 (FPM)
Stock analysts at Cantor Fitzgerald Europe lowered their price objective on shares of Faroe Petroleum plc (LON:FPM) from GBX 198 ($3.34) to GBX 195 ($3.28) in a report issued on Monday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald Europe‘s target price suggests a potential upside of 45.52% from the stock’s previous close.
A number of other firms have also recently commented on FPM. 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. Separately, 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. Finally, analysts at Investec raised their price target on shares of Faroe Petroleum plc from GBX 120 ($2.02) to GBX 145 ($2.44) in a research note on Wednesday, April 16th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 175.67 ($2.96).
Faroe Petroleum plc (LON:FPM) opened at 134.00 on Monday. Faroe Petroleum plc has a 1-year low of GBX 99.077 and a 1-year high of GBX 154.888. The stock has a 50-day moving average of GBX 135.2 and a 200-day moving average of GBX 121.7.
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.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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