Afren Plc Receives Buy Rating from Oriel Securities Ltd (AFR)
Afren Plc (LON:AFR)‘s stock had its “buy” rating restated by stock analysts at Oriel Securities Ltd in a report issued on Monday. They currently have a GBX 125 ($2.09) target price on the stock. Oriel Securities Ltd’s price objective would indicate a potential upside of 20.42% from the company’s current price.
Afren Plc (LON:AFR) opened at 105.96 on Monday. 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 131.4 and a 200-day moving average of GBX 145.0. The company’s market cap is £1.164 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at SBG Securities reiterated a “buy” rating on shares of Afren Plc in a research note on Friday. They now have a GBX 210 ($3.51) price target on the stock. Separately, analysts at RBC Capital downgraded shares of Afren Plc to an “underperform” rating in a research note on Monday, August 11th. They now have a GBX 100 ($1.67) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Afren Plc in a research note on Monday, August 11th. They now have a GBX 177 ($2.96) price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 189.75 ($3.17).
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.