RBC Capital Trims Arcan Resources Target Price to C$0.35 (ARN)
Equities researchers at RBC Capital decreased their price target on shares of Arcan Resources (CVE:ARN) from C$0.50 to C$0.35 in a research report issued on Thursday. RBC Capital’s price objective would suggest a potential upside of 59.09% from the stock’s previous close.
Separately, analysts at Pi Financial cut their price target on shares of Arcan Resources from C$0.65 to C$0.50 in a research note on Tuesday, June 24th. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of C$0.50.
Arcan Resources Ltd. (CVE:ARN) is engaged in the exploration for, and the development and production of petroleum and natural gas in Western Canada.
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