Afren Plc’s Underperform Rating Reiterated at RBC Capital (AFR)
Afren Plc (LON:AFR)‘s stock had its “underperform” rating restated by investment analysts at RBC Capital in a note issued to investors on Wednesday. They currently have a GBX 100 ($1.67) price objective on the stock. RBC Capital’s price objective suggests a potential downside of 7.75% from the stock’s previous close.
Afren Plc (LON:AFR) opened at 108.80 on Wednesday. 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 129.4 and its 200-day moving average is GBX 144.4. The company’s market cap is £1.196 billion.
Several other analysts have also recently commented on the stock. 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, August 15th. They now have a GBX 210 ($3.51) 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price 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.
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