Amerisur Resources (AMER) Stock Rating Reaffirmed by Peel Hunt

Amerisur Resources (LON:AMER)‘s stock had its “hold” rating restated by equities research analysts at Peel Hunt in a research note issued to investors on Thursday. They presently have a GBX 20 ($0.27) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 1.83% from the company’s current price.

Separately, Barclays decreased their price target on shares of Amerisur Resources from GBX 26 ($0.35) to GBX 21 ($0.28) and set an “equal weight” rating for the company in a research note on Thursday, September 28th.

Amerisur Resources (AMER) opened at GBX 19.64 ($0.26) on Thursday. Amerisur Resources has a 12 month low of GBX 14.50 ($0.19) and a 12 month high of GBX 29.75 ($0.40). The stock has a market cap of $238.11 and a P/E ratio of -1,964.00.

In related news, insider Dana Coffield acquired 151,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were bought at an average price of GBX 20 ($0.27) per share, with a total value of £30,200 ($40,379.73). Also, insider Alex Snow acquired 500,000 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were bought at an average cost of GBX 19 ($0.25) per share, for a total transaction of £95,000 ($127,022.33).

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Amerisur Resources 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.

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