Trade Report: The Ophir Energy Plc (OPHR) Upgrade to Outperform by Macquarie

The Ophir Energy Plc (OPHR) Upgrade to Outperform by Macquarie

Ophir Energy Plc (LON:OPHR) was upgraded by investment analysts at Macquarie to an “outperform” rating in a report released on Monday. The firm presently has a GBX 95 ($1.19) price objective on the stock, up from their prior price objective of GBX 72 ($0.90). Macquarie’s price target indicates a potential upside of 23.78% from the stock’s current price.

Other analysts have also issued research reports about the stock. Barclays PLC reissued an “overweight” rating and issued a GBX 125 ($1.56) price objective on shares of Ophir Energy Plc in a research report on Thursday, November 17th. Credit Suisse Group AG raised shares of Ophir Energy Plc to an “outperform” rating and boosted their price objective for the stock from GBX 65 ($0.81) to GBX 100 ($1.25) in a research report on Thursday, November 17th. Deutsche Bank AG reissued a “buy” rating on shares of Ophir Energy Plc in a research report on Thursday, September 15th. Citigroup Inc. reissued a “neutral” rating on shares of Ophir Energy Plc in a research report on Monday, September 19th. Finally, Jefferies Group cut their price objective on shares of Ophir Energy Plc from GBX 97 ($1.21) to GBX 88 ($1.10) and set a “hold” rating on the stock in a research report on Thursday, October 6th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 95.42 ($1.19).

Shares of Ophir Energy Plc (LON:OPHR) opened at 76.50 on Monday. Ophir Energy Plc has a 52-week low of GBX 63.49 and a 52-week high of GBX 104.80. The firm’s market capitalization is GBX 537.13 million. The firm has a 50-day moving average of GBX 76.35 and a 200 day moving average of GBX 72.97.

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