RE:Analysts raised MEG Share Price to $5.00 Canadianseems to me you are picking the low prices of the report which is just a recap of analysts targets on MEG.
5 was the lowest but there are other much higher targets also.
MEG has been the subject of a number of other research reports. Nomura lowered their price objective on shares of MEG Energy Corp from C$15.00 to C$6.00 in a research report on Thursday, January 21st. RBC Capital lowered their price objective on shares of MEG Energy Corp from C$12.00 to C$11.00 in a research report on Wednesday, January 20th. Raymond James lowered their price objective on shares of MEG Energy Corp from C$18.00 to C$11.00 in a research report on Tuesday, January 12th. National Bank Financial upped their price objective on shares of MEG Energy Corp from C$6.00 to C$12.00 and gave the company an “underperform” rating in a research report on Monday, January 11th. Finally, Scotiabank lowered their price objective on shares of MEG Energy Corp from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Monday, December 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$14.00.