BNP Paribas reissued their outperform rating on shares of Afren (LON:AFR) in a research report released on Thursday morning, Analyst Ratings.Net reports. BNP Paribas currently has a GBX 210 ($3.21) price objective on the stock.
BNP Paribas has also modified their ratings on a number of other stocks in the few days. The firm lowered its price target on shares of CRH PLC from $17.00 to $16.00. They have a neutral rating on that stock. Also, BNP Paribas downgraded shares of Portugal Telecom, SGPS from a neutral rating to an underperform rating.
Afren (LON: AFR) traded down 0.51% on Thursday, hitting GBX 136.10. Afren has a 1-year low of GBX 117.725 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 £1.481 billion.
A number of other analysts have also recently weighed in on AFR. Analysts at Morgan Stanley reiterated an overweight rating on shares of Afren in a research note to investors on Monday, July 15th. They now have a GBX 220 ($3.36) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a buy rating on shares of Afren in a research note to investors on Monday, July 15th. They now have a GBX 167 ($2.55) price target on the stock. Finally, analysts at JP Morgan Cazenove downgraded shares of Afren from a neutral rating to an underweight rating in a research note to investors on Thursday, July 11th. They now have a GBX 165 ($2.52) price target on the stock, down previously from GBX 195 ($2.98).
Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 177.77 ($2.71).
Afren plc (LON: AFR) is engaged in oil and gas exploration, development and production in Africa and the Kurdistan region of Iraq.
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