Ophir Energy Plc’s (OPHR) “Buy” Rating Reiterated at Deutsche Bank AG

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Ophir Energy Plc (LON:OPHR)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank AG in a report issued on Thursday. They presently have a GBX 90 ($1.20) price target on the stock. Deutsche Bank AG’s target price points to a potential upside of 17.65% from the stock’s previous close.
OPHR has been the subject of several other reports. Barclays PLC lifted their price objective on shares of Ophir Energy Plc from GBX 110 ($1.47) to GBX 125 ($1.66) and gave the company an “overweight” rating in a research note on Thursday, June 9th. Royal Bank Of Canada cut shares of Ophir Energy Plc to a “sector performer” rating and decreased their price objective for the company from GBX 135 ($1.80) to GBX 90 ($1.20) in a research note on Tuesday, May 17th. JPMorgan Chase & Co. upgraded shares of Ophir Energy Plc to an “overweight” rating and set a GBX 100 ($1.33) price objective for the company in a research note on Tuesday, May 24th. Canaccord Genuity restated a “hold” rating and set a GBX 80 ($1.07) price objective on shares of Ophir Energy Plc in a research note on Wednesday, August 31st. Finally, Morgan Stanley assumed coverage on shares of Ophir Energy Plc in a research note on Tuesday, July 19th. They set an “equal weight” rating and a GBX 90 ($1.20) price objective for the company. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Ophir Energy Plc presently has a consensus rating of “Hold” and a consensus price target of GBX 94.58 ($1.26).
Shares of Ophir Energy Plc (LON:OPHR) traded down 4.38% during trading on Thursday, hitting GBX 76.50. 1,297,609 shares of the company’s stock were exchanged. The company’s market cap is GBX 539.93 million. The company has a 50-day moving average of GBX 71.73 and a 200-day moving average of GBX 74.13. Ophir Energy Plc has a 12-month low of GBX 63.49 and a 12-month high of GBX 107.80.

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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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