Canacol Energy Ltd. (TSE:CNE) had its price objective upped by research analysts at Scotiabank from C$5.75 to C$6.25 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. Scotiabank’s price objective suggests a potential upside of 31.03% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. TD Securities boosted their price objective on Canacol Energy from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank Of Canada boosted their price target on Canacol Energy from C$4.60 to C$5.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 16th. Canaccord Genuity boosted their price target on Canacol Energy from C$5.75 to C$6.00 and gave the company a “buy” rating in a research note on Tuesday, November 15th. CIBC lowered their price target on Canacol Energy from C$6.00 to C$5.50 in a research note on Monday, November 14th. Finally, RBC Capital Markets set a C$4.60 price target on Canacol Energy and gave the company a “sector perform” rating in a research note on Tuesday, September 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$5.48.
Shares of Canacol Energy (TSE:CNE) traded down 2.94% during mid-day trading on Friday, reaching $4.63. The company’s stock had a trading volume of 203,322 shares. Canacol Energy has a 12 month low of $1.97 and a 12 month high of $4.80. The firm’s market capitalization is $804.23 million. The company has a 50 day moving average of $4.41 and a 200-day moving average of $4.24.
About Canacol Energy