Citigroup Inc. Reiterates “Buy” Rating for Afren Plc (AFR)
Afren Plc (LON:AFR) traded up 1.54% during mid-day trading on Friday, hitting GBX 145.00. The stock had a trading volume of 4,666,402 shares. Afren Plc has a one year low of GBX 119.40 and a one year high of GBX 170.80. The stock’s 50-day moving average is GBX 151.3 and its 200-day moving average is GBX 153.8. The company’s market cap is £1.593 billion.
A number of other firms have also recently commented on AFR. Analysts at Oriel Securities Ltd downgraded shares of Afren Plc to a “hold” rating in a research note on Thursday, June 12th. They now have a GBX 145 ($2.46) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Afren Plc in a research note on Wednesday, June 11th. They now have a GBX 177 ($3.00) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Afren Plc in a research note on Friday, May 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Afren Plc currently has a consensus rating of “Buy” and a consensus price target of GBX 193.47 ($3.28).
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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