The Advantage Oil & Gas Ltd. (AAV) Price Target Raised to C$11.00

The Advantage Oil & Gas Ltd. (AAV) Price Target Raised to C$11.00

Advantage Oil & Gas Ltd. (TSE:AAV) had its target price raised by analysts at Desjardins from C$10.00 to C$11.00 in a report issued on Thursday. Desjardins’ target price indicates a potential upside of 14.46% from the stock’s current price.

Several other brokerages have also weighed in on AAV. TD Securities cut their price target on Advantage Oil & Gas from C$10.00 to C$9.50 and set an “action list buy” rating for the company in a research note on Thursday, July 7th. RBC Capital Markets lifted their price target on Advantage Oil & Gas from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. Scotiabank restated an “outperform” rating and issued a C$9.50 price target on shares of Advantage Oil & Gas in a research note on Thursday, July 7th. BMO Capital Markets started coverage on Advantage Oil & Gas in a research note on Thursday, July 21st. They set an “outperform” rating and a C$10.50 price objective for the company. Finally, Royal Bank Of Canada cut their price objective on Advantage Oil & Gas from C$11.00 to C$9.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Advantage Oil & Gas has a consensus rating of “Buy” and a consensus price target of C$9.67.

Shares of Advantage Oil & Gas (TSE:AAV) traded up 2.39% during midday trading on Thursday, reaching $9.84. The company had a trading volume of 1,150,502 shares. Advantage Oil & Gas has a 1-year low of $5.85 and a 1-year high of $10.01. The company’s 50-day moving average is $9.12 and its 200-day moving average is $7.96. The stock has a market capitalization of $1.82 billion and a PE ratio of 393.60.

In other news, insider Donald Craig Blackwood sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of C$8.86, for a total value of C$88,600.00.

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