Afren Plc Given Average Recommendation of “Buy” by Brokerages (LON:AFR)
Shares of Afren Plc (LON:AFR) have earned a consensus rating of “Buy” from the twenty-two ratings firms that are covering the company, AnalystRatingsNetwork reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 193.94 ($3.26).
Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Afren Plc in a research note on Wednesday, May 21st. They now have a GBX 200 ($3.37) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Afren Plc in a research note on Wednesday, May 21st. Finally, analysts at Canaccord Genuity downgraded shares of Afren Plc to a “hold” rating in a research note on Tuesday, May 20th. They now have a GBX 145 ($2.44) price target on the stock, down previously from GBX 180 ($3.03).
Afren Plc (LON:AFR) traded down 1.28% on Wednesday, hitting GBX 147.10. 699,755 shares of the company’s stock traded hands. Afren Plc has a one year low of GBX 118.20 and a one year high of GBX 170.80. The stock has a 50-day moving average of GBX 149.8 and a 200-day moving average of GBX 154.8. The company’s market cap is £1.617 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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