TGL has been the subject of a number of other reports. Canaccord Genuity lifted their price target on shares of TransGlobe Energy from C$3.00 to C$4.00 and gave the company a buy rating in a research report on Wednesday, August 17th. Scotiabank reissued a sector perform rating and set a C$3.50 price target on shares of TransGlobe Energy in a research report on Thursday, June 23rd. FirstEnergy Capital raised shares of TransGlobe Energy from an outperform rating to a top pick rating in a research report on Friday, August 12th. Royal Bank Of Canada reduced their price objective on shares of TransGlobe Energy from C$3.30 to C$3.00 in a research note on Thursday, July 14th. Finally, Paradigm Capital raised their price objective on shares of TransGlobe Energy from C$3.25 to C$4.00 and gave the company a buy rating in a research note on Monday, September 12th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of C$3.41.
Shares of TransGlobe Energy (TSE:TGL) opened at 2.73 on Wednesday. The stock’s market capitalization is $197.12 million. The company’s 50 day moving average is $2.54 and its 200-day moving average is $2.35. TransGlobe Energy has a 52 week low of $1.45 and a 52 week high of $4.01.
About TransGlobe Energy
TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties.
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