Trade Report: The Advantage Oil & Gas Ltd. (AAV) Price Target Increased to C$12.75 by Analysts at Raymond James Financial Inc.

The Advantage Oil & Gas Ltd. (AAV) Price Target Increased to C$12.75 by Analysts at Raymond James Financial Inc.

Advantage Oil & Gas Ltd. (TSE:AAV) had its price objective lifted by equities research analysts at Raymond James Financial Inc. from C$11.00 to C$12.75 in a research report issued on Friday. Raymond James Financial Inc.’s price objective would indicate a potential upside of 29.70% from the company’s previous close.

A number of other brokerages also recently weighed in on AAV. Royal Bank Of Canada increased their price target on Advantage Oil & Gas from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday. Scotiabank set a C$10.75 price target on Advantage Oil & Gas and gave the stock an “outperform” rating in a report on Friday. Desjardins increased their price target on Advantage Oil & Gas from C$10.00 to C$11.00 in a report on Thursday. RBC Capital Markets increased their price objective on shares of Advantage Oil & Gas from C$11.00 to C$12.00 in a research report on Thursday. Finally, FirstEnergy Capital increased their price objective on shares of Advantage Oil & Gas from C$10.00 to C$10.25 and gave the stock an “outperform” rating in a research report on Monday, August 8th. Nine equities research analysts have rated the stock with a buy rating, Advantage Oil & Gas presently has an average rating of “Buy” and an average price target of C$10.56.

Shares of Advantage Oil & Gas (TSE:AAV) traded up 3.76% during trading on Friday, reaching $10.20. The company’s stock had a trading volume of 1,567,115 shares. The firm has a market cap of $1.88 billion and a PE ratio of 408.00. The stock’s 50 day moving average price is $9.14 and its 200-day moving average price is $7.97. Advantage Oil & Gas has a 12 month low of $5.85 and a 12 month high of $10.29.

In related news, insider Donald Craig Blackwood sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of C$8.86, for a total value of C$88,600.00.

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