New Zealand Energy Corp PT Lowered to C$0.65 (NZ)
Research analysts at M Partners cut their target price on shares of New Zealand Energy Corp (CVE:NZ) from C$0.75 to C$0.65 in a report released on Wednesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. M Partners’ price objective indicates a potential upside of 150.00% from the stock’s previous close.
Separately, analysts at Canaccord Genuity upgraded shares of New Zealand Energy Corp from a “hold” rating to a “speculative buy” rating in a research note to investors on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$0.67.
New Zealand Energy Corp. (CVE:NZ) is an oil and natural gas company engaged in the exploration, acquisition and development of petroleum and natural gas assets in New Zealand.
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