Trading Report: Today, ARC Resources Ltd (ARX) Given Average Rating of “Buy” by Analysts

Today, ARC Resources Ltd (ARX) Given Average Rating of “Buy” by Analysts

ARC Resources Ltd (TSE:ARX) has been given a consensus recommendation of “Buy” by the twelve analysts that are covering the firm. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$25.58.

Several equities analysts have recently issued reports on ARX shares. Raymond James Financial Inc. lifted their price target on ARC Resources from C$27.00 to C$27.50 in a research report on Tuesday, July 5th. Scotiabank reiterated an “outperform” rating and set a C$26.00 price target on shares of ARC Resources in a research report on Friday, July 29th. BMO Capital Markets lifted their price target on ARC Resources from C$23.00 to C$25.00 in a research report on Thursday, October 6th. Barclays PLC lifted their price target on ARC Resources from C$27.00 to C$28.00 in a research report on Tuesday, October 11th. Finally, Royal Bank Of Canada lifted their price target on ARC Resources from C$25.00 to C$26.00 in a research report on Thursday.

ARC Resources (TSE:ARX) opened at 23.69 on Wednesday. ARC Resources has a 52-week low of $14.43 and a 52-week high of $24.46. The company’s 50-day moving average price is $22.78 and its 200 day moving average price is $21.71. The stock’s market capitalization is $8.32 billion.

Related posts

Leave a Comment