Birchcliff Energy Ltd T.BIR

Analysts react to dividend cut

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• BMO and Canaccord cut the most
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• Birchcliff Energy (TSE:BIR) had its price target lowered by analysts at Stifel Nicolaus from C$6.50 to C$5.00. They now have a "hold" rating on the stock. This represents a 4.0% downside from the current price of C$5.21.
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• Birchcliff Energy (TSE:BIR) had its price target lowered by analysts at Royal Bank of Canada from C$8.00 to C$7.00. They now have an "outperform" rating on the stock. This represents a 34.4% upside from the current price of C$5.21.
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• Birchcliff Energy (TSE:BIR) had its price target lowered by analysts at TD Securities from C$6.00 to C$5.50. They now have a "hold" rating on the stock. This represents a 5.6% upside from the current price of C$5.21.
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• Birchcliff Energy (TSE:BIR) was downgraded by analysts at Canaccord Genuity Group Inc. from a "buy" rating to a "hold" rating. They now have a C$6.00 price target on the stock, down previously from C$9.00. This represents a 15.2% upside from the current price of C$5.21.
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• Birchcliff Energy (TSE:BIR) had its price target lowered by analysts at BMO Capital Markets from C$7.50 to C$5.75. They now have a "market perform" rating on the stock. This represents a 10.4% upside from the current price of C$5.21.