Pinecrest Energy Price Target Cut to C$0.80 by Analysts at Canaccord Genuity (PRY)
Equities researchers 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 report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 95.12% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at TD Securities downgraded shares of Pinecrest Energy (CVE:PRY) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 19th. They now have a C$0.85 price target on the stock, down previously from C$2.00.
Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Pinecrest Energy presently has a consensus rating of “Buy” and an average target price of C$1.20.
Pinecrest Energy Inc (CVE:PRY), formerly Antler Creek Energy Corp.
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