Ophir Energy Plc Given New GBX 420 Price Target at RBC Capital (OPHR)
Investment analysts at RBC Capital hoisted their price objective on shares of Ophir Energy Plc (LON:OPHR) from GBX 400 ($6.69) to GBX 420 ($7.02) in a note issued to investors on Monday. The firm currently has a “neutral” rating on the stock. RBC Capital’s target price would indicate a potential upside of 97.28% from the stock’s previous close.
Shares of Ophir Energy Plc (LON:OPHR) opened at 216.60 on Monday. Ophir Energy Plc has a 52-week low of GBX 191.50 and a 52-week high of GBX 393.90. The stock’s 50-day moving average is GBX 209.1 and its 200-day moving average is GBX 250.9. The company’s market cap is £1.285 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Ophir Energy Plc from GBX 330 ($5.52) to GBX 280 ($4.68) in a research note on Friday. They now have a “buy” rating on the stock. Separately, 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 ($5.93) price target on the stock. Finally, analysts at Westhouse Securities cut their price target on shares of Ophir Energy Plc from GBX 290 ($4.85) to GBX 245 ($4.10) in a research note on Thursday. They now have an “add” rating on the stock. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 329.19 ($5.50).
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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