Trioil Resources PT Lowered to C$2.85 (TOL)
Investment analysts at Canaccord Genuity cut their price objective on shares of Trioil Resources (CVE:TOL) from C$3.50 to C$2.85 in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 1.42% from the stock’s previous close.
Separately, analysts at Raymond James downgraded shares of Trioil Resources (CVE:TOL) from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. They now have a C$2.85 price target on the stock, down previously from C$3.75.
Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Trioil Resources has a consensus rating of “Hold” and an average target price of C$3.38.
TriOil Resources Ltd. (CVE:TOL), formerly One Exploration Inc, is engaged in the acquisition of, exploration for and development of petroleum and natural gas in Western Canada.
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