Royal Bank Of Canada Lowers Crescent Point Energy Corp (CPG) Price Target to C$22.00
Crescent Point Energy Corp (TSE:CPG) had its price target lowered by equities research analysts at Royal Bank Of Canada from C$25.00 to C$22.00 in a research note issued on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 28.06% from the company’s previous close.
Several other research firms have also weighed in on CPG. Barclays PLC set a C$26.00 price target on Crescent Point Energy Corp and gave the company an “outperform” rating in a research report on Tuesday, August 30th. TD Securities lowered Crescent Point Energy Corp from an “action list buy” rating to a “buy” rating and dropped their price target for the company from C$31.00 to C$30.00 in a research report on Friday, August 12th. AltaCorp Capital lifted their price target on Crescent Point Energy Corp from C$25.00 to C$26.00 in a research report on Friday, August 12th. Desjardins set a C$26.00 price target on Crescent Point Energy Corp in a research report on Tuesday, June 28th. Finally, Raymond James Financial Inc. set a C$26.00 price target on Crescent Point Energy Corp in a research report on Monday, June 6th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$24.36.
Crescent Point Energy Corp (TSE:CPG) opened at 17.18 on Wednesday. The stock’s 50 day moving average price is $19.69 and its 200 day moving average price is $19.95. Crescent Point Energy Corp has a 1-year low of $11.42 and a 1-year high of $24.01. The company’s market cap is $8.72 billion.
Crescent Point Energy Corp Company Profile
Crescent Point Energy Corp. (Crescent Point) is a Canada-based oil and gas exploration, development and production company. The Company is an oil and gas producer with assets consisting of light and medium oil and natural gas reserves in Western Canada and the United States. The Company’s primary assets are the shares in Crescent Point Holdings Inc (CPHI), shares in Crescent Point U.S.
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