Africa Oil Corp (CVE:AOI) had its price target cut by stock analysts at Royal Bank Of Canada from C$3.20 to C$3.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 91.08% from the company’s current price.
Separately, CSFB dropped their price target on Africa Oil Corp from C$2.80 to C$2.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 20th.
Shares of Africa Oil Corp (CVE AOI) traded up C$0.03 on Monday, reaching C$1.57. The company had a trading volume of 59,703 shares, compared to its average volume of 113,029. Africa Oil Corp has a 1 year low of C$1.48 and a 1 year high of C$2.81.
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Africa Oil Corp Company Profile
Africa Oil Corp. (AOC) is a Canada-based international oil and gas exploration and development company. The Company has oil and gas interests in Kenya, Ethiopia, Puntland (Somalia), and Mali. The Company has acquired and commenced exploration activities on multiple exploration Blocks in East Africa. The Company holds exploration acreage of over 300,000 square kilometers (gross) in the exploration play fairway.
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