Afren (LON: AFR)‘s stock had its “buy” rating reiterated by stock analysts at Westhouse Securities in a report issued on Monday, Analyst Ratings Network reports. They currently have a GBX 160 ($2.44) target price on the stock. Westhouse Securities’ target price indicates a potential upside of 25.39% from the stock’s previous close.
Shares of Afren (LON: AFR) opened at 124.50 on Monday. Afren has a 52 week low of GBX 92.85 and a 52 week high of GBX 162.00. The stock’s 50-day moving average is currently GBX 137.2. The company’s market cap is £1.355 billion.
A number of other firms have also recently commented on AFR. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Afren in a research note to investors on Monday. They now have a GBX 220 ($3.35) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Afren in a research note to investors on Tuesday, June 4th. They now have a GBX 221 ($3.37) price target on the stock, down previously from GBX 224 ($3.41). Finally, analysts at Investec reiterated a “buy” rating on shares of Afren in a research note to investors on Monday, June 3rd. They now have a GBX 160 ($2.44) price target on the stock.
Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Afren presently has an average rating of “Buy” and a consensus target price of GBX 182.69 ($2.78).
Afren plc (LON: AFR) is engaged in oil and gas exploration, development and production in Africa and the Kurdistan region of Iraq.