Pengrowth Energy Corp PT Lowered to $7.50 (PGF)
Pengrowth Energy Corp (TSE: PGF) had its price target decreased by Canaccord Genuity from $8.00 to $7.50 in a research report sent to investors on Friday morning. The firm currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on PGF. Analysts at Scotiabank cut their price target on shares of Pengrowth Energy Corp from $8.75 to $8.00 in a research note to investors on Friday. They now have an outperform rating on the stock. Separately, 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. 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 remained flat at $4.77 during during mid-day trading trading on Friday. 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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