Macquarie Lowers Ophir Energy Plc (OPHR) Price Target to GBX 71
Ophir Energy Plc (LON:OPHR) had its price objective cut by equities research analysts at Macquarie from GBX 75 ($0.98) to GBX 71 ($0.93) in a note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. Macquarie’s price target would indicate a potential downside of 5.65% from the stock’s current price.
A number of other research firms also recently issued reports on OPHR. Deutsche Bank AG restated a “buy” rating and set a GBX 90 ($1.17) price objective on shares of Ophir Energy Plc in a report on Thursday, September 8th. Barclays PLC raised their price objective on shares of Ophir Energy Plc from GBX 110 ($1.44) to GBX 125 ($1.63) and gave the stock an “overweight” rating in a report on Thursday, June 9th. Canaccord Genuity restated a “hold” rating and set a GBX 80 ($1.04) price objective on shares of Ophir Energy Plc in a report on Wednesday, August 31st. FirstEnergy Capital restated a “market perform” rating and set a GBX 85 ($1.11) price objective on shares of Ophir Energy Plc in a report on Thursday, September 15th. Finally, Liberum Capital upgraded shares of Ophir Energy Plc to a “hold” rating and raised their price objective for the stock from GBX 67 ($0.87) to GBX 72 ($0.94) in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 90.42 ($1.18).
Ophir Energy Plc (LON:OPHR) opened at 75.25 on Friday. Ophir Energy Plc has a 52 week low of GBX 63.49 and a 52 week high of GBX 107.80. The company’s market cap is GBX 531.11 million. The company has a 50-day moving average of GBX 72.44 and a 200 day moving average of GBX 73.93.
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 Other. The Other segment includes the corporate centers in the United Kingdom, Australia and Singapore.
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