Argent Energy Trust Receives Consensus Recommendation of “Hold” from Analysts (TSE:AET.UN)
Shares of Argent Energy Trust (TSE:AET.UN) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, AnalystRatings.Net reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$3.82.
Several analysts have recently commented on the stock. Analysts at TD Securities upgraded shares of Argent Energy Trust from a “reduce” rating to a “hold” rating in a research note on Tuesday, May 20th. They now have a C$3.25 price target on the stock. Separately, analysts at CIBC cut their price target on shares of Argent Energy Trust from C$4.00 to C$3.50 in a research note on Tuesday, May 6th. Finally, analysts at FirstEnergy Capital reiterated a “market perform” rating on shares of Argent Energy Trust in a research note on Monday, April 14th. They now have a C$3.75 price target on the stock, down previously from C$5.50.
Argent Energy Trust (TSE:AET) is a Canada-based open-ended trust.
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