Clearly AWE is suffering from fairly negative sentiment at the moment, not the least of which is due to poor global growth and the recent lack of success in the drilling program.
Interesting to note though that several brokers have recently updated their numbers to reflect the 2011 Tui production figures and many retain a 'Buy' rating.
BA-Merrill Lynch Buy target $2.64
Credit Suisse Outperform target $2.90
Deutsche Bank Buy $2.60
UBS Buy $2.73
All figures from FNArena database.
Food for thought, but the upside appears good when sentiment turns (a good drilling result maybe?).
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