TransGlobe Energy Stock Rating Reaffirmed by Scotiabank (TGL)
TransGlobe Energy (TSE:TGL)‘s stock had its “sector outperform” rating reaffirmed by stock analysts at Scotiabank in a report issued on Tuesday, American Banking and Market News reports.
Shares of TransGlobe Energy (TSE:TGL) traded up 1.96% on Tuesday, hitting $8.34. 44,402 shares of the company’s stock traded hands. TransGlobe Energy has a one year low of $5.82 and a one year high of $10.09. The stock’s 50-day moving average is $8.32 and its 200-day moving average is $8.80. The company has a market cap of $619.5 million and a price-to-earnings ratio of 10.10.
A number of other firms have also recently commented on TGL. Analysts at CSFB cut their price target on shares of TransGlobe Energy from C$9.50 to C$9.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of TransGlobe Energy from C$9.50 to C$9.00 in a research note on Tuesday. Finally, analysts at TD Securities reiterated a “buy” rating on shares of TransGlobe Energy in a research note on Tuesday. They now have a C$11.50 price target on the stock, up previously from C$9.30. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. TransGlobe Energy has an average rating of “Buy” and a consensus price target of C$10.66.
TransGlobe Energy Corporation (TSE:TGL) is an independent international upstream oil and gas company.
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