TransGlobe Energy Co. (TGL) Earns Sector Perform Rating from Scotiabank
TransGlobe Energy Co. (TSE:TGL)‘s stock had its “sector perform” rating reissued by research analysts at Scotiabank in a report released on Tuesday. They presently have a C$3.50 target price on the stock. Scotiabank’s price objective indicates a potential upside of 31.58% from the stock’s current price.
Several other analysts also recently commented on the stock. Canaccord Genuity upped their price target on shares of TransGlobe Energy from C$4.00 to C$4.25 and gave the company a “buy” rating in a research report on Thursday, September 15th. TD Securities boosted their price objective on shares of TransGlobe Energy from C$3.75 to C$4.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Paradigm Capital boosted 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. Dundee Securities boosted their price objective on shares of TransGlobe Energy from C$3.70 to C$4.25 in a research note on Monday, August 15th. Finally, FirstEnergy Capital raised shares of TransGlobe Energy from an “outperform” rating to a “top pick” rating in a research note on Friday, August 12th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. TransGlobe Energy has an average rating of “Buy” and a consensus price target of C$3.41.
TransGlobe Energy (TSE:TGL) traded down 0.38% during trading on Tuesday, hitting $2.65. 19,310 shares of the stock traded hands. The stock’s market cap is $191.34 million. The company’s 50 day moving average price is $2.54 and its 200-day moving average price is $2.35. TransGlobe Energy has a 52-week low of $1.45 and a 52-week high of $4.06.
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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