Canacol Energy Ltd (CNE) Given Average Recommendation of “Buy” by Brokerages
Canacol Energy Ltd (TSE:CNE) has been given an average recommendation of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$5.79.
A number of analysts recently issued reports on CNE shares. Scotiabank reissued an “outperform” rating and set a C$6.25 target price on shares of Canacol Energy in a research note on Thursday, April 13th. TD Securities reissued a “buy” rating and set a C$6.50 target price on shares of Canacol Energy in a research note on Thursday, April 27th.
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Shares of Canacol Energy (TSE:CNE) traded down 0.23% on Friday, reaching $4.26. 95,524 shares of the company were exchanged. The stock has a 50 day moving average price of $4.38 and a 200-day moving average price of $4.05. Canacol Energy has a 12 month low of $3.62 and a 12 month high of $4.80. The stock has a market capitalization of $743.80 million and a P/E ratio of 51.33.
About Canacol Energy
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