Scotiabank Downgrades Argent Energy Trust to Underperform (AET.UN)
Argent Energy Trust (TSE:AET.UN) was downgraded by investment analysts at Scotiabank from a “sector perform” rating to an “underperform” rating in a note issued to investors on Thursday. They currently have a C$2.25 price objective on the stock, down from their previous price objective of C$4.00.
Separately, 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. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$3.60.
Argent Energy Trust (TSE:AET) is a Canada-based open-ended trust.
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