Birchcliff Energy Ltd. (BIR) Price Target Increased to C$12.00 by Analysts at Royal Bank Of Canada
Birchcliff Energy Ltd. (TSE:BIR) had its target price upped by equities researchers at Royal Bank Of Canada from C$11.00 to C$12.00 in a research report issued on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price target would suggest a potential upside of 27.66% from the company’s previous close.
BIR has been the topic of a number of other research reports. Raymond James Financial Inc. lifted their target price on Birchcliff Energy from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. TD Securities lowered their price target on Birchcliff Energy from C$12.00 to C$5.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Scotiabank reissued a “focus stock” rating and set a C$12.00 price target on shares of Birchcliff Energy in a report on Monday, August 22nd. RBC Capital Markets raised their price target on Birchcliff Energy from C$9.00 to C$11.00 in a report on Thursday, August 11th. Finally, CIBC raised their price target on Birchcliff Energy from C$10.00 to C$11.50 in a report on Wednesday, July 20th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Birchcliff Energy presently has an average rating of “Buy” and an average price target of C$10.05.
Birchcliff Energy (TSE:BIR) traded up 2.62% during trading on Thursday, reaching $9.40. The company had a trading volume of 1,328,793 shares. The stock’s market capitalization is $2.47 billion. The firm has a 50-day moving average of $8.96 and a 200-day moving average of $7.15. Birchcliff Energy has a 1-year low of $2.85 and a 1-year high of $9.89.
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About Birchcliff Energy
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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