Bengal Energy Now Covered by M Partners (BNG)
Investment analysts at M Partners initiated coverage on shares of Bengal Energy (TSE:BNG) in a note issued to investors on Wednesday, Stock Ratings Network.com reports. The firm set a “buy” rating and a C$1.25 price target on the stock. M Partners’ price target suggests a potential upside of 83.82% from the company’s current price.
Bengal Energy (TSE:BNG) traded up 2.94% during mid-day trading on Wednesday, hitting $0.70. 500 shares of the company’s stock traded hands. Bengal Energy has a one year low of $0.485 and a one year high of $1.09. The stock’s 50-day moving average is $0.60 and its 200-day moving average is $0.65. The company’s market cap is $45.0 million.
Bengal Energy Ltd. (TSE:BNG) is an international junior oil and gas company based in Calgary, Alberta, Canada and engaged in the business of acquiring international oil and natural gas properties and exploring for, developing and producing oil and natural gas, primarily in India and Australia.
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