Canaccord Genuity Boosts Journey Energy Inc (JOY) Price Target to C$2.75
Journey Energy Inc (TSE:JOY) had its target price increased by investment analysts at Canaccord Genuity from C$2.50 to C$2.75 in a research note issued on Wednesday, StockTargetPrices.com reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 22.22% from the stock’s previous close.
Several other equities analysts also recently commented on the stock. FirstEnergy Capital upped their price objective on shares of Journey Energy from C$2.00 to C$2.25 in a report on Thursday, August 11th. AltaCorp Capital upped their price objective on shares of Journey Energy from C$2.10 to C$3.25 in a report on Wednesday, August 10th. Finally, CIBC upped their price objective on shares of Journey Energy from C$2.00 to C$2.25 in a report on Wednesday, July 20th.
Shares of Journey Energy (TSE:JOY) traded up 10.22% during trading on Wednesday, reaching $2.48. 51,875 shares of the company traded hands. The company has a 50-day moving average of $1.87 and a 200-day moving average of $1.81. The stock’s market capitalization is $108.17 million. Journey Energy has a 12 month low of $0.91 and a 12 month high of $2.48.
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