Afren Plc PT Raised to GBX 246 (AFR)
Research analysts at Liberum Capital raised their target price on shares of Afren Plc (LON:AFR) from GBX 228 ($3.91) to GBX 246 ($4.22) in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target would indicate a potential upside of 71.67% from the company’s current price.
Afren Plc (LON:AFR) traded down 0.90% during mid-day trading on Wednesday, hitting GBX 143.30. 2,084,319 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’s 50-day moving average is GBX 147.2 and its 200-day moving average is GBX 152.. The company’s market cap is £1.575 billion.
A number of other analysts have also recently weighed in on AFR. Analysts at Barclays reiterated an “overweight” rating on shares of Afren Plc in a research note on Tuesday. They now have a GBX 225 ($3.86) price target on the stock. Separately, 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. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Afren Plc in a research note on Friday, June 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 200.53 ($3.44).
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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