Manitok Energy Given New C$4.25 Price Target at Acumen Capital (MEI)
Investment analysts at Acumen Capital reduced their price objective on shares of Manitok Energy (CVE:MEI) from C$4.50 to C$4.25 in a note issued to investors on Monday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Acumen Capital’s price objective points to a potential upside of 37.10% from the stock’s previous close.
Separately, analysts at National Bank Financial cut their price target on shares of Manitok Energy from C$5.00 to C$4.50 in a research note to investors on Friday, August 30th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Manitok Energy presently has a consensus rating of “Buy” and an average target price of C$4.11.
Manitok Energy Inc (CVE:MEI), formerly Desco Resources Inc is an oil and gas exploration and development company focusing on conventional oil and gas reservoirs in the Canada and heavy crude oil in east-central Alberta.
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