Ophir Energy Plc Price Target Lowered to GBX 280 at Deutsche Bank (OPHR)
Equities research analysts at Deutsche Bank decreased their price target on shares of Ophir Energy Plc (LON:OPHR) from GBX 330 ($5.54) to GBX 280 ($4.70) in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 32.26% from the stock’s previous close.
Ophir Energy Plc (LON:OPHR) traded up 0.57% during mid-day trading on Friday, hitting GBX 212.90. 1,328,123 shares of the company’s stock traded hands. Ophir Energy Plc has a one year low of GBX 191.50 and a one year high of GBX 393.90. The stock has a 50-day moving average of GBX 209.8 and a 200-day moving average of GBX 251.1. The company’s market cap is £1.260 billion.
OPHR has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Thursday. They now have a GBX 355 ($5.96) price target on the stock. Separately, analysts at Westhouse Securities cut their price target on shares of Ophir Energy Plc from GBX 290 ($4.86) to GBX 245 ($4.11) in a research note on Thursday. They now have an “add” rating on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Ophir Energy Plc in a research note on Thursday. They now have a GBX 222 ($3.72) price target on the stock. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 366.59 ($6.15).
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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