CIBC Lowers Pinecrest Energy Price Target to C$0.50 (PRY)
Equities researchers at CIBC lowered their price objective on shares of Pinecrest Energy (CVE:PRY) from C$1.25 to C$0.50 in a research report issued on Wednesday, ARN reports. The firm currently has a “sector perform” rating on the stock. CIBC’s target price suggests a potential upside of 21.95% from the stock’s previous close.
PRY has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Pinecrest Energy (CVE:PRY) from C$1.00 to C$0.80 in a research note to investors on Wednesday. They now have a “speculative buy” rating on the stock. Separately, analysts at Paradigm Capital reiterated a “buy” rating on shares of Pinecrest Energy (CVE:PRY) in a research note to investors on Wednesday. They now have a C$0.75 price target on the stock. Finally, analysts at Scotiabank cut their price target on shares of Pinecrest Energy (CVE:PRY) from C$1.50 to C$1.25 in a research note to investors on Monday, August 19th.
Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$1.20.
Pinecrest Energy Inc (CVE:PRY), formerly Antler Creek Energy Corp.
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