Manitok Energy Price Target Cut to C$3.25 (MEI)
Research analysts at NBF lowered their price objective on shares of Manitok Energy (CVE:MEI) from C$3.50 to C$3.25 in a report released on Friday. NBF’s price target suggests a potential upside of 33.20% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Dundee Securities downgraded shares of Manitok Energy to a “neutral” rating in a research note on Friday. Separately, analysts at RBC Capital cut their price target on shares of Manitok Energy from C$3.50 to C$3.00 in a research note on Friday. Finally, analysts at TD Securities cut their price target on shares of Manitok Energy from C$2.75 to C$2.50 in a research note on Monday, June 2nd. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Manitok Energy currently has an average rating of “Hold” and a consensus price target of C$3.32.
Manitok Energy Inc (CVE:MEI), formerly Desco Resources Inc is an oil and gas exploration and development company focusing on conventional oil and gas reservoirs in the Canada and heavy crude oil in east-central Alberta.
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