TD Securities Reaffirms Buy Rating for TransGlobe Energy Co. (TGL)
TD Securities reissued their buy rating on shares of TransGlobe Energy Co. (TSE:TGL) in a research note released on Wednesday morning. The brokerage currently has a C$4.00 price objective on the stock.
A number of other equities research analysts also recently weighed in on TGL. CSFB raised their price target on TransGlobe Energy from C$2.50 to C$2.75 in a research note on Friday, August 12th. Canaccord Genuity raised their price target on TransGlobe Energy from C$4.00 to C$4.25 and gave the stock a buy rating in a research note on Thursday, September 15th. Dundee Securities raised their price objective on TransGlobe Energy from C$3.70 to C$4.25 in a research note on Monday, August 15th. Royal Bank Of Canada cut their price objective on TransGlobe Energy from C$3.30 to C$3.00 in a research note on Thursday, July 14th. Finally, Paradigm Capital raised their price objective on TransGlobe Energy from C$3.25 to C$4.00 and gave the company a buy rating in a research note on Monday, September 12th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. TransGlobe Energy currently has an average rating of Buy and a consensus price target of C$3.41.
Shares of TransGlobe Energy (TSE:TGL) opened at 2.73 on Wednesday. TransGlobe Energy has a 52-week low of $1.45 and a 52-week high of $4.01. The firm’s market capitalization is $197.12 million. The company’s 50 day moving average price is $2.55 and its 200 day moving average price is $2.36.
About TransGlobe Energy
TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties.
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