Canaccord Genuity Lowers RMP Energy Inc (RMP) Price Target to C$0.80
RMP Energy Inc (TSE:RMP) had its price objective decreased by stock analysts at Canaccord Genuity from C$1.10 to C$0.80 in a report issued on Tuesday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 14.29% from the company’s current price.
RMP has been the topic of a number of other research reports. Raymond James Financial Inc. lowered their price target on shares of RMP Energy from C$1.65 to C$1.40 and set an “outperform” rating on the stock in a report on Saturday, August 6th. National Bank Financial lowered their target price on shares of RMP Energy from C$1.75 to C$1.50 in a report on Wednesday, August 3rd. Desjardins reissued a “hold” rating and set a C$1.25 target price on shares of RMP Energy in a report on Tuesday, August 16th. Dundee Securities lowered their target price on shares of RMP Energy from C$2.45 to C$1.75 in a report on Tuesday, November 1st. Finally, CIBC lowered their target price on shares of RMP Energy from C$1.65 to C$1.00 in a report on Saturday, August 6th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$1.49.
RMP Energy (TSE:RMP) opened at 0.70 on Tuesday. The stock has a 50 day moving average price of $0.87 and a 200-day moving average price of $1.10. The company’s market capitalization is $105.68 million. RMP Energy has a 52 week low of $0.62 and a 52 week high of $1.97.
About RMP Energy
RMP Energy Inc is a Canada-based independent crude oil and natural gas company. The Company is engaged in the exploration for, development and production of crude oil, natural gas and natural gas liquids (NGLs) reserves in the Western Canadian Sedimentary Basin within the province of Alberta, Canada.
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