Wentworth Resources (WEN) Price Target Cut to GBX 42

Wentworth Resources (LON:WEN) had its price target cut by Peel Hunt from GBX 44 ($0.57) to GBX 42 ($0.55) in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s target price would indicate a potential upside of 82.61% from the company’s current price.

WEN opened at GBX 23 ($0.30) on Monday. The firm has a market cap of $42.36 million and a PE ratio of -6.57. The company has a quick ratio of 1.84, a current ratio of 1.85 and a debt-to-equity ratio of 9.02. Wentworth Resources has a one year low of GBX 17.16 ($0.22) and a one year high of GBX 23.50 ($0.31).

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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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