Investment analysts at CIBC upped their target price on shares of Pengrowth Energy Corp (TSE: PGF) from $5.00 to $5.25 in a note issued to investors on Monday. The firm currently has an “underperform” rating on the stock.

Pengrowth Energy Corp traded up 4.12% on Monday, hitting $4.80. Pengrowth Energy Corp has a 1-year low of $3.93 and a 1-year high of $10.08. The stock’s 50-day moving average is currently $4.59.

A number of other analysts have also recently weighed in on PGF. Analysts at Canaccord Genuity cut their price target on shares of Pengrowth Energy Corp from $8.00 to $7.50 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.

Pengrowth Energy Corporation (Pengrowth) is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia.

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