Afren Plc Given Speculative Buy Rating at Canaccord Genuity (AFR)
Afren Plc (LON:AFR)‘s stock had its “speculative buy” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Friday. They currently have a GBX 120 ($1.99) price target on the stock. Canaccord Genuity’s target price suggests a potential upside of 20.60% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. One investment 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’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 190.06 ($3.15).
Afren Plc (LON:AFR) opened at 94.8399 on Friday. Afren Plc has a one year low of GBX 91.10 and a one 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 £1.042 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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