Wentworth Resources Limited (WRL) Receives Consensus Recommendation of “Buy” from Brokerages

Wentworth Resources Limited (LON:WRL) has earned a consensus recommendation of “Buy” from the five research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 40.33 ($0.53).

Several research firms recently weighed in on WRL. GMP Securities reiterated a “buy” rating on shares of Wentworth Resources Limited in a research note on Thursday, August 10th. FinnCap reiterated a “buy” rating and set a GBX 55 ($0.72) price objective on shares of Wentworth Resources Limited in a research note on Monday, September 18th. Finally, Peel Hunt initiated coverage on shares of Wentworth Resources Limited in a research note on Wednesday, October 18th. They set a “buy” rating and a GBX 40 ($0.53) price objective on the stock.

Shares of Wentworth Resources Limited (LON WRL) opened at GBX 28.25 ($0.37) on Friday. Wentworth Resources Limited has a 12 month low of GBX 20.11 ($0.26) and a 12 month high of GBX 34.99 ($0.46).

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About Wentworth Resources Limited

Wentworth Resources Limited is an energy company with gas reserves and exploration potential in the Rovuma Basin of southern Tanzania and northern Mozambique. The Company has Rovuma Basin portfolio with producing natural gas reserves and prospective natural gas resources; gas processing and pipeline assets; multiple large-scale gas monetization projects in development, and ongoing exploration evaluation and development drilling programs.

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