Africa Oil Corp. (AOIFF) Given Average Rating of “Buy” by Brokerages
Africa Oil Corp. (OTCMKTS:AOIFF) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the company. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $2.74.
AOIFF has been the subject of several recent analyst reports. Zacks Investment Research upgraded Africa Oil Corp. from a “hold” rating to a “buy” rating and set a $1.75 price target for the company in a research note on Tuesday, November 1st. TD Securities restated a “buy” rating and issued a $3.50 price target on shares of Africa Oil Corp. in a research note on Friday. Finally, Scotiabank restated a “sector perform” rating and issued a $3.00 price target on shares of Africa Oil Corp. in a research note on Tuesday, August 16th.
Africa Oil Corp. (OTCMKTS:AOIFF) remained flat at $1.44 during midday trading on Tuesday. 1,910 shares of the company traded hands. The firm’s 50-day moving average price is $1.57 and its 200-day moving average price is $1.51. The firm’s market capitalization is $657.24 million. Africa Oil Corp. has a 1-year low of $1.08 and a 1-year high of $1.80.
About Africa Oil Corp.
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