Laurentian Bank of Canada Cuts Crew Energy Inc (CR) Price Target to C$5.25
Crew Energy Inc (TSE:CR) had its price target reduced by research analysts at Laurentian Bank of Canada from C$5.75 to C$5.25 in a research note issued on Friday, StockTargetPrices.com reports. Laurentian Bank of Canada’s target price indicates a potential upside of 22.66% from the company’s previous close.
A number of other equities analysts have also weighed in on CR. Eight Capital reiterated a “buy” rating and issued a C$6.25 price target on shares of Crew Energy in a report on Wednesday, September 27th. TD Securities lowered shares of Crew Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from C$5.50 to C$5.00 in a report on Monday. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$7.56.
Shares of Crew Energy (TSE:CR) traded down 4.44% during mid-day trading on Friday, reaching $4.09. The company’s stock had a trading volume of 1,930,271 shares. Crew Energy has a 1-year low of $3.40 and a 1-year high of $8.10. The company’s market capitalization is $609.04 million. The firm’s 50 day moving average price is $4.11 and its 200-day moving average price is $4.19.
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In other Crew Energy news, insider Gmt Capital Corp bought 11,000 shares of Crew Energy stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average price of C$3.17 per share, for a total transaction of C$34,870.00. Insiders have purchased a total of 39,300 shares of company stock worth $124,282 in the last 90 days.
About Crew Energy
Crew Energy Inc is a Canada-based oil and gas exploration, development and production company. It is a growth-oriented oil and natural gas producer. The Company’s activities are primarily focused in the Montney Resource situated in northeast British Columbia. Its Montney Resource is complemented by its Lloydminster heavy oil property in Alberta and Saskatchewan.
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