CIBC Cuts Bonavista Energy (BNP) Price Target to C$1.55
Several other equities analysts have also commented on BNP. Royal Bank of Canada decreased their target price on shares of Bonavista Energy from C$1.75 to C$1.50 in a report on Tuesday. National Bank Financial decreased their target price on shares of Bonavista Energy from C$1.65 to C$1.55 in a report on Wednesday. Raymond James decreased their target price on shares of Bonavista Energy from C$1.50 to C$1.25 in a report on Wednesday. AltaCorp Capital lowered shares of Bonavista Energy from a sector perform rating to an underperform rating in a report on Monday, January 7th. Finally, BMO Capital Markets decreased their target price on shares of Bonavista Energy from C$1.75 to C$1.60 in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of C$1.69.
BNP stock opened at C$1.26 on Wednesday. The company has a debt-to-equity ratio of 51.66, a quick ratio of 0.33 and a current ratio of 0.53. Bonavista Energy has a 12 month low of C$1.01 and a 12 month high of C$2.05.
About Bonavista Energy
Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. As of December 31, 2017, its proved reserves totaled 275.0 million barrels of oil equivalent; and proved plus probable reserves were 437.7 million barrels of oil equivalent.
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