Afren Plc Given Buy Rating at Westhouse Securities (AFR)
Afren Plc (LON:AFR)‘s stock had its “buy” rating reaffirmed by research analysts at Westhouse Securities in a report released on Friday. They currently have a GBX 180 ($2.98) target price on the stock. Westhouse Securities’ target price indicates a potential upside of 80.90% from the stock’s previous close.
AFR has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 190.06 ($3.15).
Shares of Afren Plc (LON:AFR) opened at 97.40 on Friday. Afren Plc has a 1-year low of GBX 91.10 and a 1-year high of GBX 170.80. The stock’s 50-day moving average is GBX 121.8 and its 200-day moving average is GBX 142.3. The company’s market cap is £1.070 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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