Granite Oil Corp GXOCF

TD Securities Raises Granite Oil Corp Price Target to $10

[wmstock]

Sep 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.

[newcoin]

So if it's something bad (driving the s/p down) TD Securities certainly doesn't know about it.

[spacegimp]

i most likely will add more just not today or this week , too much political manipulation with oil price running into election ... the longer oil is suppressed the better it is for us in the long run so we must be patience