Faroe Petroleum Plc Receives New Coverage from Analysts at Liberum Capital (FPM)
Liberum Capital began coverage on shares of Faroe Petroleum Plc (LON: FPM) in a research note issued to investors on Thursday. The firm issued a buy rating and a $2.99 (198 GBX) target price on the stock.
A number of other firms have also recently commented on FPM. Analysts at HSBC initiated coverage on shares of Faroe Petroleum Plc in a research note to investors on Thursday. They set an overweight rating and a $3.02 price target on the stock.
Faroe Petroleum Plc (LON: FPM) opened at 145.00 on Thursday. Faroe Petroleum Plc has a 52-week low of GBX 123.00 and a 52-week high of GBX 179.00. The stock’s 50-day moving average is currently GBX 151.0.
Faroe Petroleum plc is engaged in the exploration, appraisal, development and production of oil and gas reserves.
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