The Brokerages give average Rating of “Buy” to TransGlobe Energy Co. (TGL)

The Brokerages give average Rating of “Buy” to TransGlobe Energy Co. (TGL)

TransGlobe Energy Co. (TSE:TGL) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$3.41.

Several research firms have recently weighed in on TGL. Dundee Securities boosted their target price on TransGlobe Energy from C$3.70 to C$4.25 in a research report on Monday, August 15th. CSFB boosted their target price on TransGlobe Energy from C$2.50 to C$2.75 in a research report on Friday, August 12th. Scotiabank reissued a “sector perform” rating and set a C$3.50 target price on shares of TransGlobe Energy in a research report on Tuesday, October 4th. Canaccord Genuity boosted their target price on TransGlobe Energy from C$4.00 to C$4.25 and gave the company a “buy” rating in a research report on Thursday, September 15th. Finally, TD Securities reissued a “buy” rating and set a C$4.00 target price on shares of TransGlobe Energy in a research report on Wednesday, October 5th.

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