Canacol Energy Price Target Raised to C$5.00 at Scotiabank (CNE)
Equities researchers at Scotiabank upped their price objective on shares of Canacol Energy (TSE:CNE) from C$4.50 to C$5.00 in a research report issued on Tuesday, American Banking & Market News reports. Scotiabank’s price objective suggests a potential upside of 13.12% from the stock’s previous close.
Canacol Energy (TSE:CNE) traded down 0.23% on Tuesday, hitting $4.42. 112,251 shares of the company’s stock traded hands. Canacol Energy has a 52-week low of $2.31 and a 52-week high of $4.95. The stock has a 50-day moving average of $4.16 and a 200-day moving average of $3.29. The company’s market cap is $382.5 million.
Canacol Energy Ltd. (TSE:CNE) is a resource company engaged in the acquisition, exploration and development of oil and natural gas in Colombia, Brazil and Guyana.
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