Wentworth Resources Ltd (LON:WRL) Given Average Recommendation of “Buy” by Analysts
Shares of Wentworth Resources Ltd (LON:WRL) have been given a consensus recommendation of “Buy” by the five ratings firms that are currently covering the firm. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 45.50 ($0.59).
A number of research firms recently commented on WRL. FinnCap reaffirmed a “buy” rating and issued a GBX 59 ($0.77) price target on shares of Wentworth Resources in a report on Tuesday, August 16th. Canaccord Genuity lowered shares of Wentworth Resources to a “speculative buy” rating and reduced their price objective for the company from GBX 45 ($0.59) to GBX 40 ($0.52) in a research note on Thursday, August 25th.
Shares of Wentworth Resources (LON:WRL) opened at 25.375 on Thursday. The company’s market cap is GBX 43.02 million. The firm’s 50 day moving average is GBX 25.87 and its 200-day moving average is GBX 28.67. Wentworth Resources has a 1-year low of GBX 24.00 and a 1-year high of GBX 34.94.
Wentworth Resources Company Profile
Wentworth Resources Limited is an energy company with gas reserves and exploration potential in the Rovuma Basin of southern Tanzania and northern Mozambique. The Company has Rovuma Basin portfolio with producing natural gas reserves and prospective natural gas resources; gas processing and pipeline assets; multiple large-scale gas monetization projects in development, and ongoing exploration evaluation and development drilling programs.
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