Peel Hunt Reaffirms “Buy” Rating for Wentworth Resources Limited (WRL)
Peel Hunt reiterated their buy rating on shares of Wentworth Resources Limited (LON:WRL) in a research note published on Tuesday morning. The brokerage currently has a GBX 40 ($0.53) price target on the stock.
Several other brokerages have also issued reports on WRL. FinnCap reaffirmed a buy rating and issued a GBX 55 ($0.72) target price on shares of Wentworth Resources Limited in a research note on Friday, November 10th. GMP Securities reaffirmed a buy rating on shares of Wentworth Resources Limited in a research note on Thursday, August 10th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Wentworth Resources Limited currently has an average rating of Buy and an average price target of GBX 40.33 ($0.53).
Shares of Wentworth Resources Limited (LON WRL) remained flat at $GBX 27 ($0.36) on Tuesday. 60,000 shares of the stock traded hands, compared to its average volume of 20,837. Wentworth Resources Limited has a one year low of GBX 20.11 ($0.26) and a one year high of GBX 34.99 ($0.46).
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About Wentworth Resources Limited
Wentworth Resources Limited is an energy company with gas reserves and exploration potential in the Rovuma Basin of southern Tanzania and northern Mozambique. The Company has Rovuma Basin portfolio with producing natural gas reserves and prospective natural gas resources; gas processing and pipeline assets; multiple large-scale gas monetization projects in development, and ongoing exploration evaluation and development drilling programs.
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