Shares of MEG Energy Corp (TSE:MEG) have received an average recommendation of “Hold” from the twelve research firms that are currently covering the company. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$8.56.
A number of research firms have issued reports on MEG. Raymond James Financial Inc. boosted their target price on MEG Energy Corp from C$9.00 to C$10.00 in a research note on Wednesday, October 12th. FirstEnergy Capital cut MEG Energy Corp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 28th. TD Securities reissued a “speculative buy” rating and issued a C$9.00 target price on shares of MEG Energy Corp in a research note on Friday, October 28th. Barclays PLC decreased their target price on MEG Energy Corp from C$7.00 to C$6.00 and set an “equal weight” rating for the company in a research note on Monday, October 31st. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$10.00 price objective on shares of MEG Energy Corp in a research report on Friday, October 28th.