Pinecrest Energy Rating Reiterated by Paradigm Capital (PRY)
Pinecrest Energy (CVE:PRY)‘s stock had its “buy” rating reaffirmed by analysts at Paradigm Capital in a research report issued to clients and investors on Wednesday, American Banking and Market News reports. They currently have a C$0.75 price objective on the stock. Paradigm Capital’s price target would suggest a potential upside of 82.93% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Canaccord Genuity cut their price target on shares of Pinecrest Energy (CVE:PRY) from C$1.25 to C$1.00 in a research note to investors on Friday, August 16th. They now have a “speculative buy” rating on the stock.
Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Pinecrest Energy currently has a consensus rating of “Buy” and a consensus price target of C$1.20.
Pinecrest Energy Inc (CVE:PRY), formerly Antler Creek Energy Corp.
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