MEG ENERGY CORP Price Target Lowered to $50.00 at RBC Capital (MEGEF)
Investment analysts at RBC Capital reduced their price target on shares of MEG ENERGY CORP (NASDAQ:MEGEF) from $52.00 to $50.00 in a note issued to investors on Monday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective points to a potential upside of 44.97% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank raised their price target on shares of MEG ENERGY CORP (NASDAQ:MEGEF) from $40.00 to $45.00 in a research note to investors on Tuesday, September 24th. Separately, analysts at Canaccord Genuity upgraded shares of MEG ENERGY CORP (NASDAQ:MEGEF) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 9th. They now have a C$44.00 price target on the stock, up previously from C$39.00. Finally, analysts at National Bank Financial upgraded shares of MEG ENERGY CORP (NASDAQ:MEGEF) to an “action buy list” rating in a research note to investors on Wednesday, August 21st. Eight research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $46.71.
Shares of MEG ENERGY CORP (NASDAQ:MEGEF) traded up 1.14% during mid-day trading on Monday, hitting $34.4888. The stock had a trading volume of 1,468 shares. MEG ENERGY CORP has a one year low of $24.74 and a one year high of $39.14. The stock’s 50-day moving average is $33.02 and its 200-day moving average is $30.34. The company’s market cap is $7.651 billion.
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