FinnCap Reiterates “Buy” Rating for Wentworth Resources Ltd (WRL)
Wentworth Resources Ltd (LON:WRL)‘s stock had its “buy” rating restated by equities research analysts at FinnCap in a report issued on Tuesday. They presently have a GBX 59 ($0.74) target price on the stock. FinnCap’s target price would indicate a potential upside of 159.34% from the company’s previous close.
Separately, Canaccord Genuity downgraded Wentworth Resources to a “speculative buy” rating and reduced their price objective for the company from GBX 45 ($0.56) to GBX 40 ($0.50) in a research note on Thursday, August 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Wentworth Resources has an average rating of “Buy” and a consensus price target of GBX 45.50 ($0.57).
Shares of Wentworth Resources (LON:WRL) opened at 22.75 on Tuesday. Wentworth Resources has a one year low of GBX 22.00 and a one year high of GBX 34.00. The firm’s market capitalization is GBX 38.57 million. The firm has a 50-day moving average price of GBX 25.63 and a 200 day moving average price of GBX 27.10.
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.
Receive News & Stock Ratings for Wentworth Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wentworth Resources Ltd and related stocks with our FREE daily email newsletter.