Afren Plc Receives “Buy” Rating from Oriel Securities Ltd (AFR)
Afren Plc (LON:AFR)‘s stock had its “buy” rating reiterated by analysts at Oriel Securities Ltd in a research report issued to clients and investors on Wednesday. They currently have a GBX 125 ($2.07) price objective on the stock. Oriel Securities Ltd’s target price suggests a potential upside of 14.16% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “hold” rating on shares of Afren Plc in a research note on Thursday, August 21st. They now have a GBX 195 ($3.23) price target on the stock. Separately, analysts at RBC Capital reiterated an “underperform” rating on shares of Afren Plc in a research note on Wednesday, August 20th. They now have a GBX 100 ($1.65) 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 ($3.48) price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Afren Plc currently has a consensus rating of “Buy” and an average target price of GBX 190.06 ($3.15).
Afren Plc (LON:AFR) opened at 107.83 on Wednesday. Afren Plc has a 52 week low of GBX 91.10 and a 52 week high of GBX 170.80. The stock has a 50-day moving average of GBX 124.0 and a 200-day moving average of GBX 142.9. The company’s market cap is £1.185 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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