TD Securities Increases Pengrowth Energy Corp (PGF) Price Target to C$1.20
Pengrowth Energy Corp (TSE:PGF) (NYSE:PGH) had its price objective boosted by equities researchers at TD Securities from C$1.10 to C$1.20 in a note issued to investors on Thursday. The brokerage presently has a “reduce” rating on the stock. TD Securities’ price objective indicates a potential downside of 35.14% from the stock’s current price.
A number of other analysts also recently issued reports on PGF. Canaccord Genuity lifted their price target on shares of Pengrowth Energy Corp from C$2.15 to C$2.40 and gave the company a “hold” rating in a report on Friday, October 7th. Scotiabank reiterated a “sector perform” rating and issued a C$2.25 price target on shares of Pengrowth Energy Corp in a report on Friday, October 7th. Royal Bank Of Canada lifted their price target on shares of Pengrowth Energy Corp from C$1.25 to C$1.50 and gave the company an “underperform” rating in a report on Wednesday, September 28th. RBC Capital Markets lifted their price target on shares of Pengrowth Energy Corp from C$1.25 to C$1.50 in a report on Wednesday, September 28th. Finally, Barclays PLC cut shares of Pengrowth Energy Corp from an “equal weight” rating to an “underweight” rating in a research note on Friday, July 22nd. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$1.82.
Shares of Pengrowth Energy Corp (TSE:PGF) traded down 2.432% on Thursday, reaching $1.805. 694,738 shares of the company traded hands. The firm’s market capitalization is $988.61 million. The stock has a 50-day moving average price of $2.08 and a 200 day moving average price of $2.13. Pengrowth Energy Corp has a 1-year low of $0.66 and a 1-year high of $2.70.
About Pengrowth Energy Corp
Pengrowth Energy Corporation is a resource company, which is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The Company owns and operates Lindbergh thermal project, which is located in the Cold Lake area of Alberta and encompasses over 42.5 sections of land.
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