Africa Oil Corp. (AOI) Price Target Increased to C$3.50 by Analysts at Dundee Securities
Africa Oil Corp. (TSE:AOI) had its price objective raised by Dundee Securities from C$3.25 to C$3.50 in a research note released on Wednesday morning. Dundee Securities currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on the company. TD Securities boosted their price target on Africa Oil Corp. from C$3.25 to C$3.50 and gave the stock a speculative buy rating in a research report on Monday, August 15th. Scotiabank reissued a sector perform rating and set a C$3.00 price objective on shares of Africa Oil Corp. in a research report on Monday, August 15th. Finally, Royal Bank Of Canada cut their price objective on Africa Oil Corp. from C$3.00 to C$2.70 in a research report on Thursday, July 14th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of C$3.24.
Shares of Africa Oil Corp. (TSE:AOI) opened at 2.29 on Wednesday. The company’s market cap is $1.05 billion. The company has a 50 day moving average price of $2.05 and a 200 day moving average price of $2.00. Africa Oil Corp. has a one year low of $1.53 and a one year high of $2.45.
Africa Oil Corp. Company Profile
Africa Oil Corp. (AOC) is a Canada-based oil and gas exploration and development company. The Company has oil and gas interest in Kenya and Ethiopia. The Company focuses on the acquisition, exploration and development of oil and gas assets, located in under-explored geographic areas, in the early phase of the upstream oil and gas life-cycle.
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