TransGlobe Energy Co. (TSE:TGL) Given Consensus Recommendation of “Buy” by Brokerages
TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) has been given an average recommendation of “Buy” by the nine brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$3.44.
A number of analysts have recently commented on the company. TD Securities reaffirmed a “buy” rating and issued a C$3.25 price target on shares of TransGlobe Energy in a research note on Thursday, April 20th. Scotiabank reaffirmed a “sector perform” rating and issued a C$3.00 price target on shares of TransGlobe Energy in a research note on Wednesday, April 12th.
TRADEMARK VIOLATION NOTICE: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/10/transglobe-energy-co-tsetgl-given-consensus-recommendation-of-buy-by-brokerages.html.
Shares of TransGlobe Energy (TSE:TGL) traded down 0.60% during mid-day trading on Monday, reaching $1.66. 2,700 shares of the company traded hands. The stock’s market capitalization is $119.86 million. The stock’s 50 day moving average is $1.89 and its 200 day moving average is $2.11. TransGlobe Energy has a 52-week low of $1.59 and a 52-week high of $2.85.
TransGlobe Energy Company Profile
TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties.
Receive News & Ratings for TransGlobe Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransGlobe Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.