OTCQX:GXOCF - Post by User
Post by
wmstockon Sep 27, 2016 1:42pm
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TD Securities Raises Granite Oil Corp Price Target to $10
TD Securities Raises Granite Oil Corp Price Target to $10Sep 23rd, 2016
Granite Oil Corp (TSE:GXO) had its price target lifted by research analysts at TD Securities from C$9.50 to C$10.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 67.22% from the company’s current price.
GXO has been the topic of a number of other reports. National Bank Financial boosted their price target on Granite Oil Corp from C$9.50 to C$10.50 in a report on Wednesday, August 3rd. Royal Bank Of Canada restated an “outperform” rating and issued a C$10.00 price target on shares of Granite Oil Corp in a report on Thursday, June 16th. Finally, Raymond James Financial Inc. boosted their price target on Granite Oil Corp from C$10.00 to C$10.50 in a report on Friday, June 17th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$9.63.
Shares of Granite Oil Corp (TSE:GXO) opened at 5.98 on Friday. The firm has a 50-day moving average price of $6.59 and a 200-day moving average price of $7.05. Granite Oil Corp has a 12-month low of $5.93 and a 12-month high of $9.39. The firm’s market cap is $200.90 million.