Royal Bank Of Canada Reaffirms “Outperform” Rating for Seven Generations Energy Ltd (VII)
Seven Generations Energy Ltd (TSE:VII)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research report issued on Tuesday. They currently have a C$35.00 price objective on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 13.12% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. National Bank Financial reduced their price objective on shares of Seven Generations Energy from C$35.00 to C$33.00 in a research note on Wednesday, August 3rd. Desjardins lifted their target price on shares of Seven Generations Energy from C$30.00 to C$32.50 in a research report on Thursday, July 28th. CIBC lifted their target price on shares of Seven Generations Energy from C$25.00 to C$31.00 in a research report on Wednesday, July 27th. AltaCorp Capital lifted their target price on shares of Seven Generations Energy from C$26.00 to C$34.00 in a research report on Tuesday, July 26th. Finally, Barclays PLC lifted their target price on shares of Seven Generations Energy from C$30.00 to C$36.00 in a research report on Friday, July 22nd. Ten equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$32.65.
Shares of Seven Generations Energy (TSE:VII) opened at 30.94 on Tuesday. The stock’s 50 day moving average is $29.83 and its 200 day moving average is $25.00. Seven Generations Energy has a 52-week low of $11.84 and a 52-week high of $31.59. The firm’s market capitalization is $8.63 billion.
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About Seven Generations Energy
Seven Generations Energy Ltd. is a Canada-based natural gas developer. The Company focuses on exploration, development and production of oil and natural gas properties in western Canada. The Company focuses on the acquisition, development and value optimization of high quality tight and shale hydrocarbon plays.
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