Meg Energy Corp Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:MEGEF)
Meg Energy Corp (NASDAQ:MEGEF) has earned a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, AnalystRatingsNetwork reports. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $46.67.
A number of research firms have recently commented on MEGEF. Analysts at FirstEnergy Capital downgraded shares of Meg Energy Corp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. They now have a C$44.00 price target on the stock, down previously from C$46.00. Separately, analysts at National Bank Financial raised their price target on shares of Meg Energy Corp from C$47.00 to C$48.00 in a research note on Thursday, May 1st. Finally, analysts at Raymond James raised their price target on shares of Meg Energy Corp from C$44.00 to C$46.00 in a research note on Thursday, May 1st. They now have an “outperform” rating on the stock.
Shares of Meg Energy Corp (NASDAQ:MEGEF) opened at 33.498 on Wednesday. Meg Energy Corp has a one year low of $25.53 and a one year high of $37.36. The stock’s 50-day moving average is $34.55 and its 200-day moving average is $30.77. The company’s market cap is $7.460 billion.
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