Pengrowth Energy Corp (PGF) Receives “Sector Perform” Rating from Scotiabank
Pengrowth Energy Corp (TSE:PGF)‘s stock had its “sector perform” rating reissued by stock analysts at Scotiabank in a report issued on Friday. They presently have a C$2.25 price objective on the stock. Scotiabank’s price objective would indicate a potential upside of 0.90% from the stock’s previous close.
A number of other research firms also recently commented on PGF. Canaccord Genuity increased their target price on shares of Pengrowth Energy Corp from C$2.15 to C$2.40 and gave the company a “hold” rating in a research report on Friday. Royal Bank Of Canada increased their target price on shares of Pengrowth Energy Corp from C$1.25 to C$1.50 and gave the company an “underperform” rating in a research report on Wednesday, September 28th. RBC Capital Markets increased their price target on shares of Pengrowth Energy Corp from C$1.25 to C$1.50 in a research note on Wednesday, September 28th. Barclays PLC cut shares of Pengrowth Energy Corp from an “equal weight” rating to an “underweight” rating in a research note on Friday, July 22nd. Finally, TD Securities reiterated a “reduce” rating and set a C$1.05 price target on shares of Pengrowth Energy Corp in a research note on Friday, August 5th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$1.86.
Pengrowth Energy Corp (TSE:PGF) traded up 0.45% on Friday, reaching $2.24. 1,155,828 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $2.02 and a 200-day moving average price of $2.04. Pengrowth Energy Corp has a 1-year low of $0.66 and a 1-year high of $2.70. The company’s market capitalization is $1.23 billion.
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About Pengrowth Energy Corp
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