Afren Plc Given “Neutral” Rating at Credit Suisse (AFR)
Afren Plc (LON:AFR)‘s stock had its “neutral” rating reiterated by stock analysts at Credit Suisse in a report issued on Monday. They currently have a GBX 177 ($3.01) target price on the stock. Credit Suisse’s target price suggests a potential upside of 23.52% from the company’s current price.
AFR has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Afren Plc in a research note on Friday, June 20th. Separately, 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 ($2.47) 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 investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Afren Plc currently has an average rating of “Buy” and an average target price of GBX 197.29 ($3.36).
Shares of Afren Plc (LON:AFR) opened at 142.84 on Monday. Afren Plc has a one year low of GBX 129.10 and a one year high of GBX 170.80. The stock has a 50-day moving average of GBX 149.1 and a 200-day moving average of GBX 153.2. The company’s market cap is £1.570 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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