Africa Oil Corp (AOIFF)

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Africa Oil Corp. (AOI) PT Raised to C$3.50


Africa Oil Corp. Africa Oil Corp. (TSE:AOI) had its price target hoisted by equities researchers at Dundee Securities from C$3.25 to C$3.50 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Dundee Securities’ target price points to a potential upside of 54.87% from the company’s previous close.

AOI has been the topic of several other research reports. Royal Bank Of Canada dropped their target price on shares of Africa Oil Corp. from C$3.00 to C$2.70 in a report on Thursday, July 14th. Scotiabank reiterated a “sector perform” rating and issued a C$3.00 target price on shares of Africa Oil Corp. in a report on Monday, August 15th. Finally, TD Securities lifted their target price on shares of Africa Oil Corp. from C$3.25 to C$3.50 and gave the stock a “speculative buy” rating in a report on Monday, August 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Africa Oil Corp. presently has an average rating of “Hold” and an average target price of C$3.24.