Peel Hunt Boosts Wentworth Resources (WRL) Price Target to GBX 43

Wentworth Resources (LON:WRL) had its price objective boosted by equities research analysts at Peel Hunt from GBX 40 ($0.52) to GBX 43 ($0.56) in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price objective points to a potential upside of 97.70% from the stock’s previous close.

LON WRL opened at GBX 21.75 ($0.28) on Wednesday. Wentworth Resources has a twelve month low of GBX 20 ($0.26) and a twelve month high of GBX 30.25 ($0.40).

Wentworth Resources Company Profile

Wentworth Resources Limited, an independent oil and gas company, engages in the exploration, development, production, and transportation of natural gas and other hydrocarbons. Its principal assets include the Rovuma onshore block covering an area of approximately 2,500 square kilometers located in northern Mozambique; and the Mnazi Bay concession covering an area of approximately 756 square kilometers situated in south-eastern Tanzania.

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