Pengrowth Energy Corp (TSE:PGF) had its price target boosted by equities researchers at Royal Bank Of Canada from C$1.25 to C$1.50 in a report released on Wednesday, StockTargetPrices.com reports. The firm presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 19.79% from the stock’s current price.
Several other research analysts have also recently commented on the company. Desjardins set a C$2.00 target price on Pengrowth Energy Corp in a research report on Tuesday, June 28th. Barclays PLC cut Pengrowth Energy Corp from an “equal weight” rating to an “underweight” rating in a research report on Friday, July 22nd. TD Securities reaffirmed a “reduce” rating and issued a C$1.05 target price on shares of Pengrowth Energy Corp in a research report on Friday, August 5th. Scotiabank reaffirmed a “sector perform” rating and issued a C$2.25 target price on shares of Pengrowth Energy Corp in a research report on Friday, August 5th. Finally, CIBC initiated coverage on Pengrowth Energy Corp in a research report on Wednesday, June 15th. They issued an “underperform” rating and a C$1.85 target price for the company. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Pengrowth Energy Corp has an average rating of “Hold” and a consensus target price of C$1.88.
Pengrowth Energy Corp (TSE:PGF) traded up 1.07% during mid-day trading on Wednesday, reaching $1.89. 116,408 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $1.99 and its 200 day moving average price is $2.00. Pengrowth Energy Corp has a 12 month low of $0.66 and a 12 month high of $2.70. The stock’s market capitalization is $1.03 billion.
Pengrowth Energy Corp Company Profile
Receive News & Ratings for Pengrowth Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pengrowth Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.