Amerisur Resources plc (AMER) Receives Average Recommendation of “Hold” from Brokerages

Shares of Amerisur Resources plc (LON:AMER) have received an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 30.60 ($0.40).

Several brokerages have issued reports on AMER. Barclays PLC cut shares of Amerisur Resources plc to an “equal weight” rating and dropped their price objective for the company from GBX 29 ($0.38) to GBX 26 ($0.34) in a research note on Thursday, June 22nd. Shore Capital reissued a “house stock” rating on shares of Amerisur Resources plc in a research note on Monday, June 12th. Peel Hunt reissued a “hold” rating and issued a GBX 20 ($0.26) price objective on shares of Amerisur Resources plc in a research note on Wednesday, August 9th. Finally, Macquarie dropped their price objective on shares of Amerisur Resources plc from GBX 29 ($0.38) to GBX 27 ($0.35) and set a “neutral” rating on the stock in a research note on Wednesday, June 21st.

Amerisur Resources plc (LON:AMER) traded down 3.12% during mid-day trading on Friday, reaching GBX 15.50. 142,948 shares of the company traded hands. The stock’s 50 day moving average price is GBX 17.75 and its 200 day moving average price is GBX 21.77. The firm’s market capitalization is GBX 188.05 million. Amerisur Resources plc has a 52 week low of GBX 15.50 and a 52 week high of GBX 32.75.

Amerisur Resources plc Company Profile

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.