Afren Plc Cut to Hold at Liberum Capital (AFR)
Afren Plc (LON:AFR) was downgraded by investment analysts at Liberum Capital to a “hold” rating in a note issued to investors on Tuesday. They currently have a GBX 121 ($2.01) price target on the stock, down from their previous price target of GBX 162 ($2.69). Liberum Capital’s price target would indicate a potential upside of 28.45% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Afren Plc from GBX 188 ($3.12) to GBX 137 ($2.27) in a research note on Tuesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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 ($2.99) price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 179.71 ($2.98).
Shares of Afren Plc (LON:AFR) traded down 0.42% during mid-day trading on Tuesday, hitting GBX 94.20. 7,675,011 shares of the company’s stock traded hands. Afren Plc has a one year low of GBX 90.35 and a one year high of GBX 170.80. The stock has a 50-day moving average of GBX 118.0 and a 200-day moving average of GBX 141.1. The company’s market cap is £1.038 billion.
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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