Barclays PLC Raises Seven Generations Energy Ltd (VII) Price Target to C$40.00
Seven Generations Energy Ltd (TSE:VII) had its target price hoisted by investment analysts at Barclays PLC from C$36.00 to C$40.00 in a report issued on Tuesday. Barclays PLC’s price target would suggest a potential upside of 27.23% from the company’s previous close.
Other equities analysts have also issued research reports about the company. National Bank Financial dropped their target price on Seven Generations Energy from C$35.00 to C$33.00 in a report on Wednesday, August 3rd. Desjardins raised their price objective on Seven Generations Energy from C$30.00 to C$32.50 in a report on Thursday, July 28th. CIBC raised their price objective on Seven Generations Energy from C$25.00 to C$31.00 in a report on Wednesday, July 27th. AltaCorp Capital raised their price objective on Seven Generations Energy from C$26.00 to C$34.00 in a report on Tuesday, July 26th. Finally, FirstEnergy Capital raised their price objective on Seven Generations Energy from C$20.00 to C$36.00 in a report on Saturday, August 6th. Ten investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$33.68.
Shares of Seven Generations Energy (TSE:VII) traded down 0.13% during trading on Tuesday, hitting $31.40. The company had a trading volume of 215,877 shares. The firm’s market capitalization is $8.76 billion. Seven Generations Energy has a 52-week low of $11.84 and a 52-week high of $32.18. The stock’s 50-day moving average is $30.58 and its 200 day moving average is $26.21.
In related news, insider Barry John Hucik sold 287,000 shares of the firm’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of C$31.03, for a total value of C$8,905,610.00.
Seven Generations Energy Company Profile
Seven Generations Energy Ltd. is a Canada-based natural gas developer. The Company focuses on exploration, development and production of oil and natural gas properties in western Canada. The Company focuses on the acquisition, development and value optimization of high quality tight and shale hydrocarbon plays.
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