Royal Bank Of Canada Boosts NuVista Energy Ltd. (NVA) Price Target to C$9.00
NuVista Energy Ltd. (TSE:NVA) had its price target boosted by analysts at Royal Bank Of Canada from C$8.00 to C$9.00 in a research report issued on Monday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 33.14% from the company’s current price.
A number of other research firms have also recently commented on NVA. Scotiabank reaffirmed an “outperform” rating and set a C$8.25 price objective on shares of NuVista Energy in a research report on Wednesday, August 10th. AltaCorp Capital lifted their price objective on shares of NuVista Energy from C$7.50 to C$8.00 in a research report on Wednesday, August 10th. BMO Capital Markets lifted their price objective on shares of NuVista Energy from C$6.50 to C$7.25 in a research report on Thursday, June 30th. Desjardins reaffirmed a “buy” rating and set a C$7.00 price objective on shares of NuVista Energy in a research report on Tuesday, June 14th. Finally, Raymond James Financial Inc. set a C$8.00 price objective on shares of NuVista Energy in a research report on Monday, June 6th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$7.88.
Shares of NuVista Energy (TSE:NVA) opened at 6.80 on Monday. NuVista Energy has a 12-month low of $2.72 and a 12-month high of $7.64. The stock has a 50 day moving average of $6.94 and a 200 day moving average of $6.19. The company’s market cap is $1.07 billion.
NuVista Energy Company Profile
NuVista Energy Ltd. (NuVista) is an exploration and production company, which is engaged in exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The Company’s primary focus is on Montney formation in the Alberta Deep Basin (Wapiti Montney).
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