Goldman Sachs reaffirmed their buy rating on shares of Afren (LON: AFR) in a report released on Tuesday, StockRatingsNetwork reports. Goldman Sachs currently has a GBX 221 ($3.36) price objective on the stock, down from their previous price objective of GBX 224 ($3.40).
AFR has been the subject of a number of other recent research reports. Analysts at Investec reiterated a buy rating on shares of Afren in a research note to investors on Monday. They now have a GBX 160 ($2.43) price target on the stock. Separately, analysts at Morgan Stanley reiterated an overweight rating on shares of Afren in a research note to investors on Friday, May 31st. They now have a GBX 220 ($3.34) price target on the stock. Finally, analysts at BNP Paribas reiterated an outperform rating on shares of Afren in a research note to investors on Tuesday, May 21st. They now have a GBX 201 ($3.05) price target on the stock.
Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Afren currently has an average rating of Buy and an average target price of GBX 182.69 ($2.77).
Afren (LON: AFR) traded down 1.48% on Tuesday, hitting GBX 126.80. Afren has a 1-year low of GBX 92.85 and a 1-year high of GBX 162.00. The stock’s 50-day moving average is currently GBX 137.2. The company’s market cap is £1.380 billion.
Afren plc (LON: AFR) is engaged in oil and gas exploration, development and production in Africa and the Kurdistan region of Iraq.