Canacol Energy Going Up $12 Target now, & $20+ in 2015.......
Analysts at Canaccord Genuity increased their price target on shares of Canacol Energy (TSE:CNE) from C$9.25 to C$12.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 63.71% from the company’s current price.
Shares of Canacol Energy (TSE:CNE) opened at 7.33 on Thursday. Canacol Energy has a one year low of $2.66 and a one year high of $8.77. The stock’s 50-day moving average is $7.64 and its 200-day moving average is $6.76.
A number of other analysts have also recently weighed in on CNE. Analysts at TD Securities cut their price target on shares of Canacol Energy from C$11.00 to C$10.50 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Mackie cut their price target on shares of Canacol Energy from C$11.00 to C$10.75 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Canacol Energy from C$8.25 to C$9.00 in a research note on Tuesday, May 13th. They now have a “sector perform” rating on the stock. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$10.28.