Canaccord raises target to $9.50 Canaccord Genuity Increases Bellatrix Exploration Price Target to C$9.50 (BXE)
Posted by Zach Kirkland on Jul 1st, 2013 //
Investment analysts at Canaccord Genuity raised their price target on shares of Bellatrix Exploration (TSE: BXE) from C$9.00 to C$9.50 in a note issued to investors on Friday, AnalystRatingsNetwork reports. Canaccord Genuity’s price objective indicates a potential upside of 47.29% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Paradigm Capital raised their price target on shares of Bellatrix Exploration from C$7.00 to C$8.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Bellatrix Exploration from C$7.50 to C$8.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial cut their price target on shares of Bellatrix Exploration from C$9.00 to C$7.25 in a research note to investors on Tuesday, June 4th. They now have an “outperform” rating on the stock.
Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of C$8.53.
Shares of Bellatrix Exploration (TSE: BXE) opened at 6.45 on Friday. Bellatrix Exploration has a one year low of $2.95 and a one year high of $6.94. The stock’s 50-day moving average is currently $5.63. The company has a market cap of $696.1 million and a P/E ratio of 29.43.
Bellatrix Exploration Ltd. (TSE: BXE) is a Canada-based oil and gas company.