Royal Bank of Canada Cuts Amerisur Resources (AMER) Price Target to GBX 15

Amerisur Resources (LON:AMER) had its target price lowered by stock analysts at Royal Bank of Canada from GBX 22 ($0.29) to GBX 15 ($0.20) in a research report issued on Thursday, April 11th, ThisIsMoney.Co.Uk reports. The brokerage presently has a “sector performer” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 17.46% from the company’s previous close.

Separately, Peel Hunt reaffirmed an “add” rating on shares of Amerisur Resources in a report on Tuesday, April 9th.

LON AMER traded down GBX 0.11 ($0.00) during trading hours on Thursday, reaching GBX 12.77 ($0.17). The company’s stock had a trading volume of 3,690,072 shares, compared to its average volume of 2,400,000. The stock has a market capitalization of $155.22 million and a price-to-earnings ratio of 127.70. Amerisur Resources has a 1-year low of GBX 9.50 ($0.12) and a 1-year high of GBX 20.50 ($0.27).

Amerisur Resources Company Profile

Amerisur Resources plc engages in exploration and production of oil and gas assets in Colombia and Paraguay. It has assets around the OBA pipeline and also across the wider Putumayo region, with 11 blocks in total covering 984,000 hectares gross. Amerisur Resources Plc was incorporated in 2000 and is based in Cardiff, the United Kingdom.

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