Africa Oil Corp. (AOI) Stock Rating Reaffirmed by TD Securities
Africa Oil Corp. (TSE:AOI)‘s stock had its “speculative buy” rating reissued by equities research analysts at TD Securities in a research note issued on Wednesday. They presently have a C$3.50 price target on the stock. TD Securities’ price objective suggests a potential upside of 83.25% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Scotiabank reaffirmed a “sector perform” rating and set a C$3.00 target price on shares of Africa Oil Corp. in a research report on Monday, August 15th. Dundee Securities lifted their target price on Africa Oil Corp. from C$3.25 to C$3.50 and gave the company a “buy” rating in a research report on Wednesday, October 12th.
Africa Oil Corp. (TSE:AOI) opened at 1.91 on Wednesday. The company’s market cap is $871.76 million. The firm’s 50-day moving average price is $2.08 and its 200 day moving average price is $1.98. Africa Oil Corp. has a 52-week low of $1.53 and a 52-week high of $2.36.
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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