Afren Plc Price Target Lowered to GBX 137 at JPMorgan Chase & Co. (AFR)
Stock analysts at JPMorgan Chase & Co. decreased their price objective on shares of Afren Plc (LON:AFR) from GBX 188 ($3.12) to GBX 137 ($2.27) in a report issued on Tuesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 45.44% from the stock’s previous close.
Shares of Afren Plc (LON:AFR) traded down 0.42% on Tuesday, hitting GBX 94.20. The stock had a trading volume of 7,675,011 shares. Afren Plc has a 52-week low of GBX 90.35 and a 52-week high of GBX 170.80. The stock’s 50-day moving average is GBX 118.0 and its 200-day moving average is GBX 141.1. The company’s market cap is £1.038 billion.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Afren Plc in a research note on Friday. They now have a GBX 246 ($4.08) price target 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 analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 179.71 ($2.98).
Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East.
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