Argent Energy Trust Given Average Rating of “Hold” by Brokerages (TSE:AET.UN)
Argent Energy Trust (TSE:AET.UN) has earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, ARN reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$3.60.
Separately, analysts at Scotiabank downgraded shares of Argent Energy Trust from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 14th. They now have a C$2.25 price target on the stock, down previously from C$4.00.
Argent Energy Trust (TSE:AET) is a Canada-based open-ended trust.
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