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Investment analysts at Citigroup Inc. began coverage on shares of Ophir Energy Plc (LON:OPHR) in a note issued to investors on Wednesday. The firm set a “buy” rating and a GBX 280 ($4.80) price target on the stock. Citigroup Inc.’s target price would indicate a potential upside of 32.08% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Ophir Energy Plc in a research note on Monday, June 30th. They now have a GBX 305 ($5.23) price target on the stock, down previously from GBX 328 ($5.63). Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Friday, June 27th. They now have a GBX 330 ($5.66) price target on the stock. Finally, analysts at Westhouse Securities cut their price target on shares of Ophir Energy Plc from GBX 290 ($4.97) to GBX 270 ($4.63) in a research note on Thursday, June 26th. They now have an “add” rating on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Ophir Energy Plc currently has an average rating of “Buy” and a consensus price target of GBX 381.69 ($6.55).

Ophir Energy Plc (LON:OPHR) traded down 0.05% during mid-day trading on Wednesday, hitting GBX 212.00. 910,552 shares of the company’s stock traded hands. Ophir Energy Plc has a one year low of GBX 209.70 and a one year high of GBX 403.00. The stock has a 50-day moving average of GBX 240.5 and a 200-day moving average of GBX 270.0. The company’s market cap is £1.255 billion.

Ophir Energy plc is an independent oil and gas exploration business with a focus on Africa. The principal activities of the Company are exploration for oil and gas, predominantly in deepwater acreage in eight jurisdictions in East and West Africa.

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