Seven Generations Energy (TSE:VII) had its price target lifted by equities research analysts at CIBC from C$11.00 to C$12.00 in a report issued on Friday, BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 42.35% from the company’s previous close.
VII has been the topic of a number of other research reports. BMO Capital Markets raised Seven Generations Energy from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$8.00 to C$11.00 in a report on Monday, September 16th. CSFB restated an “outperform” rating and set a C$12.00 price target on shares of Seven Generations Energy in a report on Tuesday, July 16th. Eight Capital raised their price target on Seven Generations Energy from C$11.00 to C$13.00 in a report on Friday. TD Securities raised their price target on Seven Generations Energy from C$14.50 to C$15.50 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Canaccord Genuity restated a “buy” rating and set a C$11.00 price target on shares of Seven Generations Energy in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$13.04.
Seven Generations Energy stock traded down C$0.23 during mid-day trading on Friday, hitting C$8.43. The company had a trading volume of 1,284,341 shares, compared to its average volume of 1,306,807. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 40.00. The stock’s 50 day moving average price is C$8.04 and its two-hundred day moving average price is C$7.68. Seven Generations Energy has a 12 month low of C$5.99 and a 12 month high of C$12.86. The company has a market capitalization of $2.91 billion and a PE ratio of 4.07.
About Seven Generations Energy
Seven Generations Energy Ltd., together with its subsidiary, engages in development of natural gas properties in Canada. The company holds interests in the Kakwa River project, a natural gas property covering approximately 537,000 net acres located in the Kakwa area of northwest Alberta; and in the approximately 506,000 acres in Montney.
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