Manitok Energy Given New C$2.25 Price Target at TD Securities (MEI)
Investment analysts at TD Securities dropped their price target on shares of Manitok Energy (CVE:MEI) from C$2.50 to C$2.25 in a note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential downside of 7.79% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at NBF cut their price target on shares of Manitok Energy from C$3.50 to C$3.25 in a research note on Friday. Separately, analysts at Dundee Securities downgraded shares of Manitok Energy to a “neutral” rating in a research note on Friday. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Manitok Energy presently has an average rating of “Hold” and a consensus price target of C$3.29.
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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