Pengrowth Energy Corp (TSE: PGF) had its target price cut by Scotiabank from $8.75 to $8.00 in a report issued on Friday. They currently have an outperform rating on the stock.

PGF has been the subject of a number of other recent research reports. Analysts at Barclays Capital cut their price target on shares of Pengrowth Energy Corp from $6.00 to $5.00 in a research note to investors on Thursday, January 24th. Separately, analysts at Canaccord Genuity cut their price target on shares of Pengrowth Energy Corp from $8.50 to $8.00 in a research note to investors on Tuesday, January 22nd. Finally, analysts at CIBC downgraded shares of Pengrowth Energy Corp from a sector perform rating to an underperform rating in a research note to investors on Tuesday, January 15th. They now have a $5.00 price target on the stock, down previously from $7.25.

Shares of Pengrowth Energy Corp traded up 1.68% during mid-day trading on Friday, hitting $4.85. Pengrowth Energy Corp has a one year low of $3.93 and a one year high of $10.08. The stock’s 50-day moving average is currently $4.59.

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