Bonavista Energy (BNP) Price Target Lowered to C$2.00 at Barclays
Bonavista Energy (TSE:BNP) had its price objective cut by equities research analysts at Barclays from C$3.00 to C$2.00 in a report released on Wednesday. Barclays’ target price suggests a potential upside of 4.71% from the stock’s previous close.
A number of other research firms have also commented on BNP. Raymond James Financial dropped their price target on Bonavista Energy from C$2.75 to C$2.25 and set a “market perform” rating on the stock in a research report on Friday, November 3rd. National Bank Financial raised their price target on Bonavista Energy from C$3.00 to C$3.50 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. AltaCorp Capital lowered Bonavista Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. GMP Securities dropped their price target on Bonavista Energy from C$3.75 to C$3.25 in a research report on Tuesday, November 28th. Finally, Scotiabank lowered Bonavista Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$4.00 to C$3.50 in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$3.41.
Bonavista Energy (TSE BNP) traded down C$0.10 during midday trading on Wednesday, hitting C$1.91. The stock had a trading volume of 1,725,842 shares, compared to its average volume of 1,090,066. The firm has a market capitalization of $513.10, a price-to-earnings ratio of 4.24 and a beta of 1.12. Bonavista Energy has a 52 week low of C$1.77 and a 52 week high of C$5.22.
Bonavista Energy Company Profile
Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.
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