Africa Oil (CVE:AOI) had its price objective cut by analysts at CSFB from C$1.80 to C$1.44 in a research report issued to clients and investors on Tuesday. CSFB’s price target suggests a potential downside of 83.06% from the company’s current price.

Separately, Royal Bank of Canada cut Africa Oil from an “outperform” rating to a “sector perform” rating in a research report on Friday, March 9th.

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Africa Oil (CVE AOI) opened at C$8.50 on Tuesday. The firm has a market capitalization of $2,640.00, a price-to-earnings ratio of -40.48 and a beta of 0.60. Africa Oil has a 12-month low of C$6.13 and a 12-month high of C$10.61.

In other news, Director Keith Charles Hill acquired 23,500 shares of the stock in a transaction on Tuesday, March 6th. The shares were purchased at an average price of C$1.32 per share, for a total transaction of C$31,020.00.

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