Canacol Energy Ltd. (TSE:CNE) had its price target lifted by research analysts at Scotiabank from C$5.75 to C$6.25 in a research report issued on Friday. The firm currently has an “outperform” rating on the oil and gas exploration company’s stock. Scotiabank’s target price would suggest a potential upside of 35.57% from the company’s previous close.
CNE has been the subject of several other research reports. Canaccord Genuity increased their price objective on shares of Canacol Energy from C$5.25 to C$5.75 in a research report on Friday, July 29th. CIBC decreased their target price on shares of Canacol Energy from C$6.00 to C$5.50 in a research report on Monday, November 14th. Royal Bank Of Canada initiated coverage on shares of Canacol Energy in a research report on Tuesday, September 6th. They issued a “sector perform” rating for the company. TD Securities downgraded shares of Canacol Energy from an “action list buy” rating to a “buy” rating and set a C$5.50 target price for the company. in a research report on Tuesday, September 27th. Finally, RBC Capital Markets set a C$4.60 target price on shares of Canacol Energy and gave the company a “sector perform” rating in a research report on Tuesday, September 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$5.48.
Canacol Energy (TSE:CNE) opened at 4.53 on Friday. Canacol Energy has a 12-month low of $1.97 and a 12-month high of $4.79. The company’s market cap is $786.86 million. The stock’s 50 day moving average is $4.42 and its 200 day moving average is $4.26.