Wentworth Resources Ltd (WRL) Price Target Lowered to GBX 38 at Canaccord Genuity
Wentworth Resources Ltd (LON:WRL) had its price target cut by Canaccord Genuity from GBX 40 ($0.50) to GBX 38 ($0.47) in a research note issued to investors on Thursday morning. They currently have a speculative buy rating on the stock.
Separately, FinnCap reissued a buy rating and set a GBX 59 ($0.74) target price on shares of Wentworth Resources in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 45.10 ($0.56).
Shares of Wentworth Resources (LON:WRL) traded up 1.22% during mid-day trading on Thursday, reaching GBX 20.75. 6,024 shares of the company’s stock traded hands. Wentworth Resources has a 52 week low of GBX 20.11 and a 52 week high of GBX 34.00. The company’s 50 day moving average is GBX 25.53 and its 200-day moving average is GBX 27.02. The firm’s market cap is GBX 35.18 million.
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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