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Stock analysts at Canaccord Genuity raised their price target on shares of Ophir Energy Plc (LON:OPHR) from GBX 250 ($4.15) to GBX 275 ($4.56) in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 17.02% from the company’s current price.

Ophir Energy Plc (LON:OPHR) opened at 237.50 on Tuesday. Ophir Energy Plc has a 1-year low of GBX 191.50 and a 1-year high of GBX 393.90. The stock has a 50-day moving average of GBX 211.5 and a 200-day moving average of GBX 245.6. The company’s market cap is £1.408 billion.

OPHR has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Ophir Energy Plc in a research note on Monday. They now have a GBX 295 ($4.90) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Thursday, August 28th. They now have a GBX 280 ($4.65) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Wednesday, August 27th. They now have a GBX 355 ($5.89) price target on the stock. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of GBX 337.31 ($5.60).

Ophir Energy plc is an independent oil and gas exploration business with a focus on Africa. The principal activities of the Company are exploration for oil and gas, predominantly in deepwater acreage in eight jurisdictions in East and West Africa.

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