Amerisur Resources plc (AMER) Given New GBX 20 Price Target at Peel Hunt

Amerisur Resources plc (LON:AMER) had its price objective lowered by Peel Hunt from GBX 25 ($0.33) to GBX 20 ($0.26) in a research note released on Friday morning. The brokerage currently has a hold rating on the stock.

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A number of other equities analysts have also weighed in on AMER. Shore Capital reissued a house stock rating on shares of Amerisur Resources plc in a research report on Tuesday, April 4th. Barclays PLC cut their price objective on shares of Amerisur Resources plc from GBX 36 ($0.47) to GBX 29 ($0.38) and set an overweight rating for the company in a research report on Tuesday, April 11th. Finally, Macquarie cut their price objective on shares of Amerisur Resources plc from GBX 29 ($0.38) to GBX 27 ($0.35) and set a neutral rating for the company in a research report on Wednesday, June 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 30.60 ($0.40).

Shares of Amerisur Resources plc (AMER) opened at 19.00 on Friday. The stock has a 50 day moving average of GBX 20.63 and a 200 day moving average of GBX 23.22. Amerisur Resources plc has a 1-year low of GBX 16.50 and a 1-year high of GBX 32.75. The stock’s market cap is GBX 230.51 million.

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About Amerisur Resources plc

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.