Pengrowth Energy Corp (TSE:PGF) had its price target raised by investment analysts at Canaccord Genuity from C$2.15 to C$2.40 in a research note issued on Friday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 7.62% from the stock’s current price.

PGF has been the subject of a number of other research reports. Desjardins set a C$2.00 price objective on Pengrowth Energy Corp in a research note on Tuesday, June 28th. CIBC began coverage on Pengrowth Energy Corp in a report on Wednesday, June 15th. They issued an “underperform” rating and a C$1.85 target price for the company. TD Securities reissued a “reduce” rating and issued a C$1.05 target price on shares of Pengrowth Energy Corp in a report on Friday, August 5th. Barclays PLC lowered Pengrowth Energy Corp from an “equal weight” rating to an “underweight” rating in a report on Friday, July 22nd. Finally, RBC Capital Markets lifted their target price on Pengrowth Energy Corp from C$1.25 to C$1.50 in a report on Wednesday, September 28th. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$1.86.

Analyst Recommendations for Pengrowth Energy Corp (TSE:PGF)

Pengrowth Energy Corp (TSE:PGF) traded up 0.45% during midday trading on Friday, hitting $2.24. The stock had a trading volume of 1,152,080 shares. The stock has a 50 day moving average of $2.02 and a 200 day moving average of $2.04. The stock’s market cap is $1.23 billion. Pengrowth Energy Corp has a 12 month low of $0.66 and a 12 month high of $2.70.

Pengrowth Energy Corp Company Profile

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