Wentworth Resources Limited (WRL) Given Consensus Recommendation of “Buy” by Brokerages

Wentworth Resources Limited (LON:WRL) has been given an average recommendation of “Buy” by the five analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 40.33 ($0.54).

A number of equities analysts have recently weighed in on the stock. FinnCap reaffirmed a “buy” rating and issued a GBX 55 ($0.74) price target on shares of Wentworth Resources in a research note on Friday, November 10th. GMP Securities reissued a “buy” rating on shares of Wentworth Resources in a research report on Thursday, August 10th. Finally, Peel Hunt initiated coverage on shares of Wentworth Resources in a research report on Wednesday, October 18th. They set a “buy” rating and a GBX 40 ($0.54) target price on the stock.

Wentworth Resources (LON:WRL) opened at GBX 25.50 ($0.34) on Thursday. Wentworth Resources has a one year low of GBX 20 ($0.27) and a one year high of GBX 34.99 ($0.47).

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About Wentworth Resources

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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