MEG ENERGY CORP Receives “Sector Outperform” Rating from Scotiabank (MEGEF)
MEG ENERGY CORP (NASDAQ:MEGEF)‘s stock had its “sector outperform” rating reiterated by stock analysts at Scotiabank in a report issued on Friday, American Banking News.com reports. They currently have a $45.00 price objective on the stock. Scotiabank’s price objective points to a potential upside of 38.78% from the stock’s previous close.
Shares of MEG ENERGY CORP (NASDAQ:MEGEF) opened at 32.426 on Friday. MEG ENERGY CORP has a 1-year low of $24.74 and a 1-year high of $42.16. The stock’s 50-day moving average is $32.13 and its 200-day moving average is $30.16. The company’s market cap is $7.193 billion.
Several other analysts have also recently commented on the stock. Analysts at TD Securities cut their price target on shares of MEG ENERGY CORP from C$34.00 to C$33.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of MEG ENERGY CORP in a research note to investors on Monday, October 21st. They now have a $50.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of MEG ENERGY CORP from $52.00 to $50.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Nine research analysts have rated the stock with a buy rating, MEG ENERGY CORP currently has a consensus rating of “Buy” and a consensus target price of $44.33.
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