Brokerages Set Seven Generations Energy Ltd (TSE:VII) Target Price at C$13.04
Shares of Seven Generations Energy Ltd (TSE:VII) have been assigned a consensus rating of “Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$13.04.
Several research analysts have commented on VII shares. Raymond James reaffirmed a “market perform” rating and set a C$10.50 target price on shares of Seven Generations Energy in a report on Friday, November 8th. Canaccord Genuity reissued a “buy” rating and issued a C$11.00 price target on shares of Seven Generations Energy in a research note on Wednesday, October 16th. CIBC increased their price target on Seven Generations Energy from C$11.00 to C$12.00 in a research note on Friday, November 8th. Eight Capital raised their price objective on Seven Generations Energy from C$11.00 to C$13.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets raised Seven Generations Energy from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$8.00 to C$11.00 in a research note on Monday, September 16th.
TSE VII opened at C$6.89 on Friday. The company has a market capitalization of $2.41 billion and a price-to-earnings ratio of 3.83. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 41.35. Seven Generations Energy has a twelve month low of C$5.99 and a twelve month high of C$12.09. The stock has a fifty day simple moving average of C$7.78 and a 200 day simple moving average of C$7.42.
Seven Generations Energy Ltd., together with its subsidiary, engages in development of natural gas properties in Canada. The company holds interests in the Kakwa River project, a natural gas property covering approximately 537,000 net acres located in the Kakwa area of northwest Alberta; and in the approximately 506,000 acres in Montney.
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