Royal Bank of Canada Cuts Bonavista Energy (TSE:BNP) Price Target to C$0.75
Bonavista Energy (TSE:BNP) had its price target trimmed by Royal Bank of Canada from C$1.50 to C$0.75 in a research note issued to investors on Thursday, BayStreet.CA reports.
Several other research analysts have also weighed in on BNP. National Bank Financial lowered their target price on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. GMP Securities reiterated a buy rating and issued a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. BMO Capital Markets set a $66.00 price target on shares of CyrusOne and gave the company a buy rating in a research report on Friday, May 3rd. Raymond James reiterated a hold rating on shares of PrairieSky Royalty in a research report on Thursday, July 11th. Finally, CIBC lowered their price target on shares of Toromont Industries from C$70.00 to C$68.00 in a research report on Monday, May 6th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of C$0.96.
Shares of BNP opened at C$0.44 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.80 and a debt-to-equity ratio of 52.15. The business’s 50-day moving average is C$0.49. Bonavista Energy has a twelve month low of C$0.41 and a twelve month high of C$1.63. The firm has a market capitalization of $112.56 million and a price-to-earnings ratio of -4.15.
About Bonavista Energy
Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.
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