Amerisur Resources plc’s (AMER) Outperform Rating Reiterated at Royal Bank Of Canada
Amerisur Resources plc (LON:AMER)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a report released on Tuesday. They currently have a GBX 45 ($0.59) target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 83.67% from the stock’s previous close.
AMER has been the subject of a number of other research reports. Barclays PLC increased their target price on shares of Amerisur Resources plc from GBX 30 ($0.39) to GBX 34 ($0.44) and gave the stock an “equal weight” rating in a report on Thursday, June 9th. Peel Hunt reissued a “sell” rating and issued a GBX 24 ($0.31) target price on shares of Amerisur Resources plc in a report on Friday, June 17th. Shore Capital reissued a “house stock” rating on shares of Amerisur Resources plc in a report on Friday, June 17th. Finally, Macquarie reiterated a “neutral” rating and issued a GBX 27 ($0.35) price objective on shares of Amerisur Resources plc in a report on Friday, September 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 33.40 ($0.44).
Shares of Amerisur Resources plc (LON:AMER) traded down 2.00% on Tuesday, reaching GBX 24.50. 2,725,033 shares of the company were exchanged. Amerisur Resources plc has a 12 month low of GBX 16.68 and a 12 month high of GBX 34.18. The company’s market cap is GBX 296.04 million. The company’s 50-day moving average price is GBX 24.79 and its 200 day moving average price is GBX 26.73.
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About Amerisur Resources plc
Amerisur Resources plc is an independent full-cycle oil and gas company. The Company’s principal activity is investing in oil and gas exploration and development in South America, principally in Paraguay and Colombia. It operates through oil exploration and development segment. It operates in Colombia, Paraguay and the United Kingdom.
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