Deutsche Bank AG Cuts Ophir Energy Plc (LON:OPHR) Price Target to GBX 100
Ophir Energy Plc (LON:OPHR) had its price target reduced by equities research analysts at Deutsche Bank AG from GBX 120 ($1.55) to GBX 100 ($1.30) in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 26.18% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the company. Barclays PLC reaffirmed an “overweight” rating and set a GBX 125 ($1.62) price objective on shares of Ophir Energy Plc in a research report on Tuesday, March 14th. Jefferies Group LLC downgraded Ophir Energy Plc to an “underperform” rating and dropped their price objective for the company from GBX 95 ($1.23) to GBX 75 ($0.97) in a research report on Wednesday, May 17th. Credit Suisse Group raised their price objective on Ophir Energy Plc from GBX 100 ($1.30) to GBX 110 ($1.42) and gave the company an “outperform” rating in a research report on Friday, March 24th. Canaccord Genuity dropped their price objective on Ophir Energy Plc from GBX 125 ($1.62) to GBX 110 ($1.42) and set a “buy” rating on the stock in a research report on Friday, May 26th. Finally, GMP Securities reaffirmed a “reduce” rating on shares of Ophir Energy Plc in a research report on Wednesday, March 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 94.88 ($1.23).
Shares of Ophir Energy Plc (LON OPHR) traded down 4.52% during mid-day trading on Thursday, hitting GBX 79.25. 1,248,348 shares of the stock were exchanged. The firm’s market cap is GBX 559.70 million. The stock’s 50 day moving average is GBX 84.91 and its 200 day moving average is GBX 89.67. Ophir Energy Plc has a 12 month low of GBX 64.50 and a 12 month high of GBX 103.41.
About Ophir Energy Plc
Ophir Energy plc is an upstream oil and gas exploration and production company focused on Asia and Africa. The principal activity of the Company is the development of offshore and deepwater oil and gas exploration assets. The Company’s geographical segments are Africa, Asia and are head-quartered in London, United Kingdom.
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