Todays Report: Today, Credit Suisse Group AG Reiterates $11.00 Price Target for Advantage Oil & Gas Ltd. (AAV)

Today, Credit Suisse Group AG Reiterates $11.00 Price Target for Advantage Oil & Gas Ltd. (AAV)

Advantage Oil & Gas Ltd. (NYSE:AAV) (TSE:AAV) has been assigned a $11.00 target price by equities researchers at Credit Suisse Group AG in a research report issued on Sunday. The firm presently has a “buy” rating on the stock. Credit Suisse Group AG’s price target suggests a potential upside of 60.58% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. FirstEnergy Capital restated an “outperform” rating and set a $10.25 price target (up from $10.00) on shares of Advantage Oil & Gas in a report on Wednesday, August 10th. TD Securities restated a “buy” rating and set a $10.00 price target on shares of Advantage Oil & Gas in a report on Monday, August 8th. Scotiabank restated an “outperform” rating and set a $10.00 price target on shares of Advantage Oil & Gas in a report on Monday, August 8th. RBC Capital Markets restated an “outperform” rating and set a $11.00 price target (up from $9.00) on shares of Advantage Oil & Gas in a report on Monday, August 8th. Finally, BMO Capital Markets restated a “buy” rating and set a $10.50 price target on shares of Advantage Oil & Gas in a report on Friday, August 5th. Nine analysts have rated the stock with a buy rating, Advantage Oil & Gas presently has a consensus rating of “Buy” and a consensus target price of $10.11.

Shares of Advantage Oil & Gas (NYSE:AAV) traded down 3.52% during mid-day trading on Friday, hitting $6.85. The stock had a trading volume of 47,538 shares. The firm’s 50 day moving average price is $7.01 and its 200-day moving average price is $6.50. The company has a market cap of $1.26 billion, a PE ratio of 342.50 and a beta of 1.07. Advantage Oil & Gas has a one year low of $4.17 and a one year high of $7.88.

A number of large investors have recently modified their holdings of AAV. Mackenzie Financial Corp acquired a new stake in shares of Advantage Oil & Gas during the second quarter worth about $55,100,000. Bank of Montreal Can acquired a new stake in shares of Advantage Oil & Gas during the second quarter worth about $27,728,000. Burgundy Asset Management Ltd. boosted its stake in shares of Advantage Oil & Gas by 31.4% in the first quarter. Burgundy Asset Management Ltd. now owns 20,749,264 shares of the company’s stock worth $114,056,000 after buying an additional 4,953,324 shares in the last quarter. Montrusco Bolton Investments boosted its stake in shares of Advantage Oil & Gas by 44.6% in the fourth quarter. Montrusco Bolton Investments now owns 6,078,133 shares of the company’s stock worth $30,760,000 after buying an additional 1,874,750 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Advantage Oil & Gas by 88.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,317,794 shares of the company’s stock worth $16,791,000 after buying an additional 1,557,900 shares in the last quarter. Hedge funds and other institutional investors own 57.09% of the company’s stock.

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