Faroe Petroleum plc Given Consensus Recommendation of “Buy” by Brokerages (LON:FPM)
Faroe Petroleum plc (LON:FPM) has received an average recommendation of “Buy” from the fifteen brokerages that are covering the company, StockRatingsNetwork reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 180.20 ($3.03).
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Faroe Petroleum plc in a research note on Monday, July 28th. They now have a GBX 138 ($2.32) price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Faroe Petroleum plc from GBX 180 ($3.03) to GBX 175 ($2.94) in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Tuesday, July 22nd. They now have a GBX 204 ($3.43) price target on the stock.
Faroe Petroleum plc (LON:FPM) opened at 107.2521 on Tuesday. Faroe Petroleum plc has a 52 week low of GBX 100.548 and a 52 week high of GBX 151.20. The stock has a 50-day moving average of GBX 118.3 and a 200-day moving average of GBX 122.9.
Faroe Petroleum plc is an independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway.
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