Investec Reiterates Buy Rating for Amerisur Resources plc (AMER)
Amerisur Resources plc (LON:AMER)‘s stock had its “buy” rating reissued by equities research analysts at Investec in a research note issued to investors on Thursday. They currently have a GBX 75 ($1.25) price target on the stock. Investec’s target price suggests a potential upside of 13.64% from the stock’s previous close.
Amerisur Resources plc (LON:AMER) traded up 0.38% during mid-day trading on Thursday, hitting GBX 66.25. The stock had a trading volume of 271,379 shares. Amerisur Resources plc has a 1-year low of GBX 42.00 and a 1-year high of GBX 66.25. The stock’s 50-day moving average is GBX 62.18 and its 200-day moving average is GBX 59.0.
Amerisur Resources Plc is a United Kingdom-based company. The Company is engaged in investing in oil and gas exploration and development in South America, principally in Paraguay and Colombia.