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Meg Energy Corp (NASDAQ:MEGEF) has been given an average recommendation of “Buy” by the eleven ratings firms that are presently covering the stock, American Banking News.com reports. Eleven analysts have rated the stock with a buy recommendation, The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $47.75.

Shares of Meg Energy Corp (NASDAQ:MEGEF) opened at 34.58 on Tuesday. Meg Energy Corp has a 1-year low of $26.55 and a 1-year high of $37.36. The stock’s 50-day moving average is $34.83 and its 200-day moving average is $33.57. The company has a market cap of $7.735 billion and a P/E ratio of 75.19.

Several analysts have recently commented on the stock. Analysts at FirstEnergy Capital raised their price target on shares of Meg Energy Corp from C$45.00 to C$46.00 in a research note on Monday, August 11th. They now have an “outperform” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Meg Energy Corp from C$49.00 to C$51.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Meg Energy Corp from C$49.00 to C$51.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock.

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