Nuvista Energy Ltd (TSE:NVA) Receives Average Rating of “Buy” from Brokerages
Shares of Nuvista Energy Ltd (TSE:NVA) have received a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$8.57.
Several research firms recently weighed in on NVA. CSFB reiterated an “outperform” rating and set a C$8.50 target price on shares of Nuvista Energy in a research report on Thursday, May 11th. Raymond James Financial, Inc. reduced their target price on Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Thursday, May 11th. National Bank Financial increased their target price on Nuvista Energy from C$7.75 to C$8.25 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities increased their target price on Nuvista Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets increased their target price on Nuvista Energy from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a research report on Monday, June 5th.
In other news, Director Grant A. Zawalsky sold 6,343 shares of Nuvista Energy stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$7.54, for a total value of C$47,826.22.
Shares of Nuvista Energy (TSE:NVA) traded up 0.16% during mid-day trading on Friday, reaching $6.31. 185,971 shares of the company traded hands. Nuvista Energy has a 52-week low of $5.33 and a 52-week high of $7.80. The stock has a market capitalization of $1.09 billion and a price-to-earnings ratio of 30.78. The company’s 50 day moving average is $6.36 and its 200 day moving average is $6.41.
About Nuvista Energy
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