Bonavista Energy (BNP) Price Target Lowered to C$2.00 at Barclays
Bonavista Energy (TSE:BNP) had its price target cut by research analysts at Barclays from C$3.00 to C$2.00 in a report released on Wednesday. Barclays’ price target points to a potential upside of 2.04% from the company’s previous close.
Several other analysts also recently weighed in on BNP. AltaCorp Capital downgraded Bonavista Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 6th. National Bank Financial downgraded Bonavista Energy from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Thursday, October 12th. Raymond James Financial cut their price target on Bonavista Energy from C$2.75 to C$2.25 and set a “market perform” rating on the stock in a research note on Friday, November 3rd. Scotiabank downgraded Bonavista Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$4.00 to C$3.50 in a research note on Wednesday, November 15th. Finally, GMP Securities cut their price target on Bonavista Energy from C$3.75 to C$3.25 in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Bonavista Energy currently has an average rating of “Hold” and an average target price of C$3.41.
Bonavista Energy (TSE:BNP) traded up C$0.05 during trading on Wednesday, hitting C$1.96. The company had a trading volume of 700,216 shares, compared to its average volume of 1,057,578. The stock has a market cap of $518.39, a P/E ratio of 4.36 and a beta of 1.12. Bonavista Energy has a 52 week low of C$1.77 and a 52 week high of C$5.22.
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About Bonavista Energy
Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.
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