Afren Plc Stock Rating Reaffirmed by Investec (AFR)
Afren Plc (LON:AFR)‘s stock had its “hold” rating reiterated by analysts at Investec in a research report issued to clients and investors on Thursday. They currently have a GBX 195 ($3.26) price target on the stock. Investec’s price objective points to a potential upside of 80.89% from the company’s current price.
A number of other firms have also recently commented on AFR. Analysts at RBC Capital reiterated an “underperform” rating on shares of Afren Plc in a research note on Wednesday. They now have a GBX 100 ($1.67) price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 190.06 ($3.18).
Shares of Afren Plc (LON:AFR) traded down 1.12% on Thursday, hitting GBX 106.30. 1,356,679 shares of the company’s stock traded hands. Afren Plc has a 1-year low of GBX 91.10 and a 1-year high of GBX 170.80. The stock has a 50-day moving average of GBX 128.4 and a 200-day moving average of GBX 144.. The company’s market cap is £1.168 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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