Oriel Securities Ltd Downgrades Afren Plc to Hold (AFR)
Afren Plc (LON:AFR) was downgraded by research analysts at Oriel Securities Ltd to a “hold” rating in a report released on Thursday. They currently have a GBX 145 ($2.44) target price on the stock. Oriel Securities Ltd’s price target would suggest a potential upside of 0.55% from the company’s current price.
Afren Plc (LON:AFR) traded down 1.66% during mid-day trading on Thursday, hitting GBX 141.80. The stock had a trading volume of 2,599,615 shares. Afren Plc has a 1-year low of GBX 118.20 and a 1-year high of GBX 170.80. The stock’s 50-day moving average is GBX 152.9 and its 200-day moving average is GBX 154.6. The company’s market cap is £1.558 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Afren Plc in a research note on Wednesday. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Afren Plc in a research note on Friday, May 30th. Finally, 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 ($3.36) price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 192.88 ($3.24).
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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