Afren Plc Rating Reiterated by Oriel Securities Ltd (AFR)
Afren Plc (LON:AFR)‘s stock had its “hold” rating reaffirmed by Oriel Securities Ltd in a research note issued on Thursday. They currently have a GBX 145 ($2.48) target price on the stock. Oriel Securities Ltd’s price objective would suggest a potential downside of 1.23% from the company’s current price.
Shares of Afren Plc (LON:AFR) traded down 0.41% during mid-day trading on Thursday, hitting GBX 146.80. The stock had a trading volume of 2,008,699 shares. 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 145.2 and its 200-day moving average is GBX 150.5. The company’s market cap is £1.613 billion.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Afren Plc from GBX 145 ($2.48) to GBX 150 ($2.56) in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Afren Plc in a research note on Monday, July 14th. They now have a GBX 177 ($3.02) price target on the stock. Finally, analysts at Liberum Capital raised their price target on shares of Afren Plc from GBX 228 ($3.90) to GBX 246 ($4.20) in a research note on Wednesday, July 9th. They now have a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 200.06 ($3.42).
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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