Africa Oil Corp (AOI) Price Target Cut to C$3.00

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.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at

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.

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

Latest News

Leave a Reply