Afren Plc’s “Sector Perform” Rating Reaffirmed at RBC Capital (AFR)
Afren Plc (LON:AFR)‘s stock had its “sector perform” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Wednesday. They currently have a GBX 200 ($3.36) price objective on the stock. RBC Capital’s price objective points to a potential upside of 37.65% from the stock’s previous close.
Afren Plc (LON:AFR) opened at 147.90 on Wednesday. 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 148.8 and a 200-day moving average of GBX 154.9. The company’s market cap is £1.630 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Afren Plc in a research note on Wednesday. Separately, 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). Finally, 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 193.94 ($3.26).
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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