Canaccord Genuity Increases Bellatrix Exploration Price Target to C$13.00 (BXE)
Analysts at Canaccord Genuity boosted their target price on shares of Bellatrix Exploration (TSE:BXE) from C$12.00 to C$13.00 in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 69.05% from the stock’s previous close.
Bellatrix Exploration (TSE:BXE) traded up 3.51% on Tuesday, hitting $7.96. 1,753,534 shares of the company’s stock traded hands. Bellatrix Exploration has a 52-week low of $4.03 and a 52-week high of $8.52. The stock’s 50-day moving average is $6.90 and its 200-day moving average is $6.23. The company has a market cap of $942.7 million and a price-to-earnings ratio of 13.98.
Several other analysts have also recently commented on the stock. Analysts at TD Securities cut their price target on shares of Bellatrix Exploration from C$12.00 to C$11.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Bellatrix Exploration from C$9.00 to C$10.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$10.22.
Bellatrix Exploration Ltd. (TSE:BXE) is a Canada-based oil and gas company.
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