MEG ENERGY CORP PT Raised to C$48.00 at Canaccord Genuity (MEGEF)
Research analysts at Canaccord Genuity upped their target price on shares of MEG ENERGY CORP (NASDAQ:MEGEF) from C$46.00 to C$48.00 in a report released on Tuesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock.
MEG ENERGY CORP (NASDAQ:MEGEF) traded up 0.41% on Tuesday, hitting $29.07. 1,424 shares of the company’s stock traded hands. MEG ENERGY CORP has a one year low of $24.74 and a one year high of $35.57. The stock has a 50-day moving average of $28.76 and a 200-day moving average of $31.07. The company’s market cap is $6.468 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of MEG ENERGY CORP in a research note to investors on Monday, December 9th. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of MEG ENERGY CORP in a research note to investors on Monday, December 9th. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of MEG ENERGY CORP in a research note to investors on Tuesday, December 3rd. Ten investment analysts have rated the stock with a buy rating, MEG ENERGY CORP has an average rating of “Buy” and a consensus target price of $43.75.
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