Afren Plc Receives “Buy” Rating from Beaufort Securities (AFR)
A number of other analysts have also recently weighed in on AFR. Analysts at Canaccord Genuity downgraded shares of Afren Plc to a “hold” rating in a research note on Tuesday. They now have a GBX 145 ($2.44) price target on the stock, down previously from GBX 180 ($3.03). Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Afren Plc in a research note on Tuesday. They now have a GBX 180 ($3.03) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Afren Plc in a research note on Monday. They now have a GBX 177 ($2.98) price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 193.94 ($3.26).
Afren Plc (LON:AFR) traded up 1.79% on Wednesday, hitting GBX 147.90. The stock had a trading volume of 2,550,500 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 148.9 and a 200-day moving average of GBX 154.9. The company’s market cap is £1.630 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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