Canaccord Genuity Increases Birchcliff Energy Ltd. (BIR) Price Target to C$13.00
Birchcliff Energy Ltd. (TSE:BIR) had its price target hoisted by Canaccord Genuity from C$12.00 to C$13.00 in a report released on Thursday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 57.19% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Raymond James Financial Inc. boosted their price target on shares of Birchcliff Energy from C$10.50 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Scotiabank restated a “focus stock” rating and set a C$12.00 price target on shares of Birchcliff Energy in a report on Thursday, August 11th. Royal Bank Of Canada boosted their price target on shares of Birchcliff Energy from C$8.00 to C$9.00 in a report on Thursday, July 14th. RBC Capital Markets upped their price objective on shares of Birchcliff Energy from C$9.00 to C$11.00 in a research note on Thursday, August 11th. Finally, TD Securities upped their price objective on shares of Birchcliff Energy from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, August 11th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$10.35.
Shares of Birchcliff Energy (TSE:BIR) opened at 8.27 on Thursday. The stock’s market cap is $1.90 billion. The company’s 50-day moving average is $9.00 and its 200 day moving average is $7.80. Birchcliff Energy has a 1-year low of $2.85 and a 1-year high of $9.97.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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