RBC Capital Trims Manitok Energy Target Price to C$3.00 (MEI)
RBC Capital decreased their target price on shares of Manitok Energy (CVE:MEI) from C$3.50 to C$3.00 in a research note issued on Friday. RBC Capital’s price target would suggest a potential upside of 6.76% from the stock’s previous close.
Separately, 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, one has assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$3.33.
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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