Afren Plc Given “Speculative Buy” Rating at Canaccord Genuity (AFR)
Afren Plc (LON:AFR)‘s stock had its “speculative buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Friday. They currently have a GBX 120 ($2.02) price target on the stock. Canaccord Genuity’s price objective points to a potential upside of 21.70% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Oriel Securities Ltd upgraded shares of Afren Plc to a “buy” rating in a research note on Thursday. They now have a GBX 125 ($2.10) price target on the stock, down previously from GBX 145 ($2.44). Separately, analysts at Investec downgraded shares of Afren Plc to a “hold” rating in a research note on Thursday, July 31st. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Afren Plc in a research note on Thursday, July 31st. They now have a GBX 200 ($3.37) price target on the stock. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 196 ($3.30).
Afren Plc (LON:AFR) traded down 0.90% on Friday, hitting GBX 98.60. The stock had a trading volume of 13,126,851 shares. Afren Plc has a 52-week low of GBX 91.10 and a 52-week high of GBX 170.80. The stock has a 50-day moving average of GBX 137.4 and a 200-day moving average of GBX 147.1. The company’s market cap is £1.084 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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