Ophir Energy Plc (OPHR) Rating Reiterated by Credit Suisse Group

Ophir Energy Plc (LON:OPHR)‘s stock had its “neutral” rating reiterated by investment analysts at Credit Suisse Group in a report released on Friday. They presently have a GBX 85 ($1.12) price objective on the stock. Credit Suisse Group’s target price indicates a potential upside of 28.79% from the company’s current price.

Several other research firms have also recently weighed in on OPHR. Deutsche Bank AG reduced their price target on shares of Ophir Energy Plc from GBX 120 ($1.58) to GBX 100 ($1.32) and set a “buy” rating for the company in a report on Thursday, July 6th. Jefferies Group LLC upped their price target on shares of Ophir Energy Plc from GBX 75 ($0.99) to GBX 82 ($1.08) and gave the company a “hold” rating in a report on Tuesday, August 29th. Barclays PLC reiterated an “overweight” rating and issued a GBX 100 ($1.32) price target on shares of Ophir Energy Plc in a report on Friday, September 15th. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 90 ($1.19) price target on shares of Ophir Energy Plc in a report on Friday, September 15th. Finally, Macquarie reiterated an “outperform” rating and issued a GBX 107 ($1.41) price target on shares of Ophir Energy Plc in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 99.50 ($1.31).

Ophir Energy Plc (LON:OPHR) traded up GBX 0.75 ($0.01) during trading on Friday, hitting GBX 66 ($0.87). 560,851 shares of the stock traded hands.

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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 are head-quartered in London, United Kingdom.

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