Canaccord Genuity Boosts Pengrowth Energy Corp (PGF) Price Target to C$2.40
Pengrowth Energy Corp (TSE:PGF) had its target price hoisted by research analysts at Canaccord Genuity from C$2.15 to C$2.40 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 7.62% from the stock’s previous close.
Several other research firms also recently weighed in on PGF. CIBC began coverage on shares of Pengrowth Energy Corp in a report on Wednesday, June 15th. They issued an “underperform” rating and a C$1.85 price objective for the company. Desjardins set a C$2.00 price objective on shares of Pengrowth Energy Corp in a report on Tuesday, June 28th. Barclays PLC downgraded shares of Pengrowth Energy Corp from an “equal weight” rating to an “underweight” rating in a report on Friday, July 22nd. Scotiabank reaffirmed a “sector perform” rating and issued a C$2.25 price objective on shares of Pengrowth Energy Corp in a report on Friday, August 5th. Finally, TD Securities reaffirmed a “reduce” rating and issued a C$1.05 price objective on shares of Pengrowth Energy Corp in a report on Friday, August 5th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Pengrowth Energy Corp has an average rating of “Hold” and an average price target of C$1.86.
Shares of Pengrowth Energy Corp (TSE:PGF) traded up 0.45% during midday trading on Friday, hitting $2.24. 1,155,828 shares of the stock were exchanged. Pengrowth Energy Corp has a one year low of $0.66 and a one year high of $2.70. The stock’s market cap is $1.23 billion. The stock’s 50-day moving average price is $2.02 and its 200 day moving average price is $2.04.
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Pengrowth Energy Corp Company Profile
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