Ophir Energy Plc (OPHR) Given Average Recommendation of “Hold” by Brokerages
Ophir Energy Plc (LON:OPHR) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 97.50 ($1.27).
Several analysts have recently weighed in on OPHR shares. Deutsche Bank AG reissued a “buy” rating and set a GBX 120 ($1.56) price objective on shares of Ophir Energy Plc in a report on Wednesday, June 7th. Canaccord Genuity decreased their price objective on Ophir Energy Plc from GBX 125 ($1.62) to GBX 110 ($1.43) and set a “buy” rating on the stock in a report on Friday, May 26th. Jefferies Group LLC raised Ophir Energy Plc to a “hold” rating and set a GBX 75 ($0.97) price target on the stock in a research note on Monday, July 24th. Macquarie decreased their price target on Ophir Energy Plc from GBX 94 ($1.22) to GBX 89 ($1.16) and set a “neutral” rating on the stock in a research note on Wednesday, June 21st. Finally, Barclays PLC decreased their price target on Ophir Energy Plc from GBX 110 ($1.43) to GBX 100 ($1.30) and set an “overweight” rating on the stock in a research note on Thursday, June 22nd.
ILLEGAL ACTIVITY NOTICE: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/18/ophir-energy-plc-ophr-given-average-recommendation-of-hold-by-brokerages.html.
Ophir Energy Plc (LON OPHR) traded up 4.75% during trading on Friday, hitting GBX 77.25. The stock had a trading volume of 1,146,971 shares. Ophir Energy Plc has a 52 week low of GBX 67.00 and a 52 week high of GBX 103.41. The company’s 50-day moving average is GBX 74.51 and its 200 day moving average is GBX 84.96. The firm’s market cap is GBX 545.46 million.
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.
Receive News & Ratings for Ophir Energy Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ophir Energy Plc and related companies with MarketBeat.com's FREE daily email newsletter.