Afren Plc’s “Hold” Rating Reiterated at Deutsche Bank (AFR)
Afren Plc (LON:AFR)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank in a report issued on Thursday. They currently have a GBX 185 ($3.06) price objective on the stock. Deutsche Bank’s target price suggests a potential upside of 85.93% from the company’s current price.
AFR has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Afren Plc in a research note on Wednesday. They now have a GBX 125 ($2.07) price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 190.06 ($3.15).
Shares of Afren Plc (LON:AFR) traded down 9.95% on Thursday, hitting GBX 99.50. The stock had a trading volume of 26,362,702 shares. Afren Plc has a one year low of GBX 91.10 and a one year high of GBX 170.80. The stock has a 50-day moving average of GBX 121.8 and a 200-day moving average of GBX 142.3. The company’s market cap is £1.093 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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