Seven Generations Energy’s (VII) “Outperform” Rating Reaffirmed at Scotiabank
Seven Generations Energy Ltd (TSE:VII)‘s stock had its “outperform” rating reiterated by equities research analysts at Scotiabank in a research note issued to investors on Friday, StockTargetPrices.com reports. They presently have a C$36.00 price target on the stock. Scotiabank’s price target would suggest a potential upside of 15.24% from the company’s current price.
Several other research firms have also commented on VII. Barclays PLC increased their price target on shares of Seven Generations Energy from C$29.00 to C$30.00 and gave the company an “overweight” rating in a research report on Thursday, July 7th. Royal Bank Of Canada restated an “outperform” rating and set a C$35.00 target price on shares of Seven Generations Energy in a research report on Tuesday, September 20th. RBC Capital Markets raised their target price on shares of Seven Generations Energy from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Friday, August 19th. CIBC raised 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. Finally, FirstEnergy Capital raised their target price on shares of Seven Generations Energy from C$20.00 to C$36.00 in a research report on Saturday, August 6th. Ten research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$33.42.
Shares of Seven Generations Energy (TSE:VII) traded up 0.77% during mid-day trading on Friday, reaching $31.48. The company’s stock had a trading volume of 191,312 shares. Seven Generations Energy has a 1-year low of $11.84 and a 1-year high of $32.18. The firm’s 50 day moving average price is $30.51 and its 200-day moving average price is $26.12. The company’s market capitalization is $8.78 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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