Ophir Energy Plc (OPHR) Cut to “Neutral” at Credit Suisse Group

Credit Suisse Group downgraded shares of Ophir Energy Plc (LON:OPHR) to a neutral rating in a report released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has GBX 85 ($1.15) price target on the stock, down from their previous price target of GBX 100 ($1.35).

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank AG restated a buy rating and issued a GBX 120 ($1.62) price objective on shares of Ophir Energy Plc in a research report on Wednesday, June 7th. Barclays PLC reiterated an overweight rating and set a GBX 100 ($1.35) price target on shares of Ophir Energy Plc in a research report on Friday, September 15th. Jefferies Group LLC upgraded shares of Ophir Energy Plc to a buy rating and boosted their price target for the company from GBX 82 ($1.11) to GBX 90 ($1.21) in a research report on Tuesday. GMP Securities reiterated a reduce rating on shares of Ophir Energy Plc in a research report on Wednesday, July 5th. Finally, Macquarie upgraded shares of Ophir Energy Plc to an outperform rating and reduced their price target for the company from GBX 89 ($1.20) to GBX 85 ($1.15) in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Ophir Energy Plc currently has a consensus rating of Buy and a consensus price target of GBX 99.63 ($1.34).

Ophir Energy Plc (OPHR) opened at 72.25 on Tuesday. The company’s market cap is GBX 510.16 million. The stock’s 50 day moving average is GBX 74.64 and its 200-day moving average is GBX 81.86. Ophir Energy Plc has a 52-week low of GBX 67.00 and a 52-week high of GBX 103.41.

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About Ophir Energy Plc

Ophir Energy plc is an upstream oil and gas exploration and production company focused on Asia and Africa. The principal activity of the Company is the development of offshore and deepwater oil and gas exploration assets. The Company’s geographical segments are Africa, Asia and are head-quartered in London, United Kingdom.

Analyst Recommendations for Ophir Energy Plc (LON:OPHR)

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