Wentworth Resources (LON:WRL) had its target price upped by investment analysts at Peel Hunt from GBX 40 ($0.52) to GBX 43 ($0.56) in a report released on Wednesday. The firm presently has a “buy” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 97.70% from the stock’s previous close.

WRL opened at GBX 21.75 ($0.28) on Wednesday. Wentworth Resources has a twelve month low of GBX 20 ($0.26) and a twelve month high of GBX 30.25 ($0.40).

About Wentworth Resources

Wentworth Resources Limited, an independent oil and gas company, engages in the exploration, development, production, and transportation of natural gas and other hydrocarbons. Its principal assets include the Rovuma onshore block covering an area of approximately 2,500 square kilometers located in northern Mozambique; and the Mnazi Bay concession covering an area of approximately 756 square kilometers situated in south-eastern Tanzania.

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