Afren Plc Receives Overweight Rating from Barclays (AFR)
Afren Plc (LON:AFR)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Tuesday. They currently have a GBX 225 ($3.86) price objective on the stock. Barclays’ price objective suggests a potential upside of 55.60% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Afren Plc in a research note on Monday, June 30th. They now have a GBX 177 ($3.04) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Afren Plc in a research note on Friday, June 20th. Finally, 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 ($2.49) price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Afren Plc presently has an average rating of “Buy” and an average target price of GBX 197.29 ($3.38).
Shares of Afren Plc (LON:AFR) traded down 1.30% on Tuesday, hitting GBX 144.60. 2,154,068 shares of the company’s stock traded hands. Afren Plc has a 52 week low of GBX 131.10 and a 52 week high of GBX 170.80. The stock has a 50-day moving average of GBX 147.2 and a 200-day moving average of GBX 152.. The company’s market cap is £1.589 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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