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Ophir Energy Plc (LON:OPHR)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Wednesday. They currently have a GBX 330 ($5.55) target price on the stock. Deutsche Bank’s target price points to a potential upside of 32.00% from the company’s current price.

A number of other analysts have also recently weighed in on OPHR. Analysts at Westhouse Securities reiterated an “add” rating on shares of Ophir Energy Plc in a research note on Tuesday. They now have a GBX 290 ($4.88) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ophir Energy Plc in a research note on Friday, May 16th. They now have a GBX 330 ($5.55) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of Ophir Energy Plc in a research note on Thursday, May 15th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 394.64 ($6.64).

Shares of Ophir Energy Plc (LON:OPHR) traded down 0.44% during mid-day trading on Wednesday, hitting GBX 248.90. 646,971 shares of the company’s stock traded hands. Ophir Energy Plc has a 1-year low of GBX 223.10 and a 1-year high of GBX 411.80. The stock has a 50-day moving average of GBX 247.2 and a 200-day moving average of GBX 290.7.

Ophir Energy plc is an independent oil and gas exploration business with a focus on Africa. The principal activities of the Company are exploration for oil and gas, predominantly in deepwater acreage in eight jurisdictions in East and West Africa.

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