Afren Plc Given Average Recommendation of “Buy” by Analysts (LON:AFR)
Shares of Afren Plc (LON:AFR) have received a consensus recommendation of “Buy” from the twenty brokerages that are presently covering the company, AnalystRatingsNetwork reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 189.75 ($3.17).
Afren Plc (LON:AFR) opened at 105.40 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 130.0 and its 200-day moving average is GBX 144.7. The company’s market cap is £1.158 billion.
A number of research firms have recently commented on AFR. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Afren Plc in a research note on Monday. They now have a GBX 125 ($2.09) price target on the stock. Separately, 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. Finally, 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.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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