Afren Plc Given Buy Rating at Liberum Capital (AFR)
Afren Plc (LON:AFR)‘s stock had its “buy” rating reiterated by equities research analysts at Liberum Capital in a research note issued to investors on Friday. They currently have a GBX 246 ($4.07) target price on the stock. Liberum Capital’s target price points to a potential upside of 147.24% from the company’s current price.
Shares of Afren Plc (LON:AFR) opened at 95.00 on Friday. 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 121.8 and a 200-day moving average of GBX 142.3. The company’s market cap is £1.044 billion.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “speculative buy” rating on shares of Afren Plc in a research note on Friday. They now have a GBX 120 ($1.99) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Afren Plc in a research note on Friday. They now have a GBX 180 ($2.98) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Afren Plc in a research note on Thursday. They now have a GBX 185 ($3.06) price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Afren Plc currently has a consensus rating of “Buy” and an average target price of GBX 190.06 ($3.15).
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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