Royal Bank Of Canada Reiterates Outperform Rating for Amerisur Resources plc (AMER)

Amerisur Resources plc (LON:AMER)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a report issued on Tuesday. They currently have a GBX 45 ($0.59) price target on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 81.82% from the stock’s current price.

Several other brokerages have also weighed in on AMER. Shore Capital restated a “house stock” rating on shares of Amerisur Resources plc in a report on Tuesday, July 12th. Peel Hunt upgraded shares of Amerisur Resources plc to a “hold” rating and cut their price objective for the company from GBX 26 ($0.34) to GBX 25 ($0.33) in a report on Wednesday, September 28th. Macquarie restated a “neutral” rating and issued a GBX 27 ($0.35) price objective on shares of Amerisur Resources plc in a report on Friday, September 16th. Finally, Barclays PLC increased their price objective on shares of Amerisur Resources plc from GBX 34 ($0.44) to GBX 36 ($0.47) and gave the company an “equal weight” rating in a report on Wednesday, July 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 33.40 ($0.44).

Amerisur Resources plc (LON:AMER) opened at 24.75 on Tuesday. Amerisur Resources plc has a 1-year low of GBX 16.68 and a 1-year high of GBX 34.18. The company has a 50-day moving average price of GBX 25.01 and a 200-day moving average price of GBX 26.77. The firm’s market capitalization is GBX 299.06 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.

Receive News & Ratings for Amerisur Resources plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerisur Resources plc and related companies with's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.