Amerisur Resources plc (LON:AMER) Receives GBX 33.40 Consensus Price Target from Brokerages

Shares of Amerisur Resources plc (LON:AMER) have been assigned an average rating of “Hold” from the six research firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 33.40 ($0.44).

AMER has been the subject of several recent analyst reports. Shore Capital restated a “house stock” rating on shares of Amerisur Resources plc in a research note on Tuesday, July 12th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 45 ($0.59) target price on shares of Amerisur Resources plc in a research note on Tuesday. Peel Hunt upgraded Amerisur Resources plc to a “hold” rating and reduced their price objective for the stock from GBX 26 ($0.34) to GBX 25 ($0.33) in a research report on Wednesday, September 28th. Macquarie reiterated a “neutral” rating and issued a GBX 27 ($0.35) price objective on shares of Amerisur Resources plc in a research report on Friday, September 16th. Finally, Barclays PLC raised their price objective on Amerisur Resources plc from GBX 34 ($0.44) to GBX 36 ($0.47) and gave the stock an “equal weight” rating in a research report on Wednesday, July 13th.

Amerisur Resources plc (LON:AMER) opened at 25.00 on Tuesday. Amerisur Resources plc has a 12 month low of GBX 16.68 and a 12 month high of GBX 34.18. The firm’s 50-day moving average price is GBX 24.83 and its 200-day moving average price is GBX 26.75. The firm’s market cap is GBX 302.08 million.

Amerisur Resources plc Company Profile

Amerisur Resources plc is an independent full-cycle oil and gas company. The Company’s principal activity is investing in oil and gas exploration and development in South America, principally in Paraguay and Colombia. It operates through oil exploration and development segment. It operates in Colombia, Paraguay and the United Kingdom.

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