SBG Securities Reiterates “Buy” Rating for Afren Plc (AFR)
Afren Plc (LON:AFR)‘s stock had its “buy” rating reiterated by equities researchers at SBG Securities in a research report issued on Friday. They currently have a GBX 210 ($3.52) price objective on the stock. SBG Securities’ price objective points to a potential upside of 117.39% from the stock’s previous close.
Shares of Afren Plc (LON:AFR) opened at 100.00 on Friday. Afren Plc has a 52-week low of GBX 91.10 and a 52-week high of GBX 170.80. The stock’s 50-day moving average is GBX 132.4 and its 200-day moving average is GBX 145.3. The company’s market cap is £1.099 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital downgraded shares of Afren Plc to an “underperform” rating in a research note on Monday. They now have a GBX 100 ($1.68) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Afren Plc in a research note on Monday. They now have a GBX 177 ($2.97) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “speculative buy” rating on shares of Afren Plc in a research note on Friday, August 8th. They now have a GBX 120 ($2.01) price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Afren Plc currently has a consensus rating of “Buy” and an average target price of GBX 189.75 ($3.18).
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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