Wentworth Resources Ltd (LON:WRL) Given Average Recommendation of “Buy” by Brokerages

Shares of Wentworth Resources Ltd (LON:WRL) have received a consensus recommendation of “Buy” from the five brokerages that are presently covering the firm. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 45.50 ($0.59).

Several research firms have recently weighed in on WRL. FinnCap reissued a “buy” rating and issued a GBX 63 ($0.82) price objective on shares of Wentworth Resources in a report on Wednesday, June 1st. Canaccord Genuity downgraded Wentworth Resources to a “speculative buy” rating and decreased their price objective for the company from GBX 45 ($0.59) to GBX 40 ($0.52) in a report on Thursday, August 25th.

Wentworth Resources (LON:WRL) remained flat at GBX 24.25 during midday trading on Thursday. 3,500 shares of the company’s stock were exchanged. The firm’s market capitalization is GBX 41.11 million. Wentworth Resources has a 52 week low of GBX 24.00 and a 52 week high of GBX 34.94. The stock’s 50-day moving average is GBX 25.92 and its 200 day moving average is GBX 28.82.

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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