Faroe Petroleum plc’s “Underperform” Rating Reaffirmed at Credit Suisse (FPM)
Faroe Petroleum plc (LON:FPM)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Credit Suisse in a research note issued to investors on Monday. They currently have a GBX 118 ($2.01) price target on the stock. Credit Suisse’s target price indicates a potential downside of 3.13% from the company’s current price.
Faroe Petroleum plc (LON:FPM) opened at 124.00 on Monday. Faroe Petroleum plc has a one year low of GBX 96.718 and a one year high of GBX 151.20. The stock’s 50-day moving average is GBX 132.0 and its 200-day moving average is GBX 122.6.
FPM has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Thursday, June 19th. They now have a GBX 200 ($3.41) price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Faroe Petroleum plc from GBX 195 ($3.32) to GBX 180 ($3.07) in a research note on Wednesday, June 18th. They now have a “buy” rating on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Friday, June 13th. They now have a GBX 200 ($3.41) price target on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 179.60 ($3.06).
Faroe Petroleum plc is an independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway.
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