Raymond James Increases Iron Bridge Resources (IBR) Price Target to C$0.85
Iron Bridge Resources (TSE:IBR) had its price objective raised by Raymond James from C$0.75 to C$0.85 in a research report report published on Tuesday morning. The firm currently has a market perform rating on the stock.
Other equities research analysts have also recently issued reports about the company. Canaccord Genuity upped their target price on Iron Bridge Resources from C$0.75 to C$0.90 in a report on Wednesday, May 23rd. Eight Capital upped their target price on Iron Bridge Resources from C$0.75 to C$1.00 in a report on Wednesday, May 23rd. Scotiabank upped their target price on Iron Bridge Resources from C$0.70 to C$0.80 and gave the stock a sector perform rating in a report on Wednesday, May 23rd. National Bank Financial reiterated a sector perform rating and issued a C$0.85 target price on shares of Iron Bridge Resources in a report on Wednesday, August 15th. Finally, Laurentian lowered their target price on Iron Bridge Resources from C$1.00 to C$0.85 and set a tender rating for the company in a report on Monday, September 10th. Three research analysts have rated the stock with a hold rating, Iron Bridge Resources has a consensus rating of Hold and a consensus target price of C$0.86.
Shares of IBR stock opened at C$0.84 on Tuesday. Iron Bridge Resources has a twelve month low of C$0.46 and a twelve month high of C$0.85.
Iron Bridge Resources Company Profile
Iron Bridge Resources Inc engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids in Western Canada. It primarily operates in the Montney light oil fairway at Elmworth in West Central Alberta. As of December 31, 2017, its total proved plus probable reserves included 26.11 million barrels of oil equivalent.
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