Pinecrest Energy Rating Lowered to Hold at Canaccord Genuity (PRY)
Pinecrest Energy (CVE:PRY) was downgraded by investment analysts at Canaccord Genuity to a “hold” rating in a note issued to investors on Wednesday, American Banking News.com reports. They currently have a C$0.30 target price on the stock, down from their previous target price of C$0.65. Canaccord Genuity’s target price points to a potential upside of 36.36% from the stock’s previous close.
A number of other analysts have also recently weighed in on PRY. Analysts at Dundee Securities cut their price target on shares of Pinecrest Energy from C$1.20 to C$0.90 in a research note to investors on Friday, November 29th. They now have a “buy” rating on the stock. Analysts at TD Securities cut their price target on shares of Pinecrest Energy from C$0.80 to C$0.75 in a research note to investors on Friday, November 29th. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$0.70.
Pinecrest Energy Inc (CVE:PRY), formerly Antler Creek Energy Corp.
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