Trade Report: Today: Royal Bank Of Canada Increases Birchcliff Energy Ltd. (BIR) Price Target to C$12.00

Today: Royal Bank Of Canada Increases Birchcliff Energy Ltd. (BIR) Price Target to C$12.00

Birchcliff Energy Ltd. (TSE:BIR) had its target price increased by stock analysts at Royal Bank Of Canada from C$11.00 to C$12.00 in a report released on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price objective suggests a potential upside of 26.98% from the stock’s previous close.

Other research analysts also recently issued reports about the company. CIBC raised their price objective on Birchcliff Energy from C$7.00 to C$10.00 in a research note on Thursday, July 14th. RBC Capital Markets raised their price objective on Birchcliff Energy from C$11.00 to C$12.00 in a research note on Thursday. Canaccord Genuity raised their price objective on Birchcliff Energy from C$11.50 to C$12.00 in a research note on Monday, July 25th. TD Securities raised their price objective on Birchcliff Energy from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, Scotiabank reissued a “focus stock” rating and issued a C$12.00 price objective on shares of Birchcliff Energy in a research note on Monday, August 22nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$10.05.

Birchcliff Energy (TSE:BIR) opened at 9.45 on Thursday. The company’s 50-day moving average price is $8.99 and its 200 day moving average price is $7.20. Birchcliff Energy has a 52 week low of $2.85 and a 52 week high of $9.89. The company’s market capitalization is $2.48 billion.

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