New Zealand Energy Corp Price Target Lowered to C$0.30 at CSFB (NZ)
New Zealand Energy Corp (CVE:NZ) had its target price reduced by CSFB from C$0.35 to C$0.30 in a research note released on Friday morning, Analyst Ratings Network.com reports.
A number of other firms have also recently commented on NZ. Analysts at M Partners cut their price target on shares of New Zealand Energy Corp (CVE:NZ) from C$0.80 to C$0.70 in a research note to investors on Friday. They now have a buy rating on the stock. Separately, analysts at Haywood Securities cut their price target on shares of New Zealand Energy Corp (CVE:NZ) from C$2.00 to C$0.85 in a research note to investors on Thursday, August 22nd. They now have a sector perform rating on the stock.
Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of C$0.67.
New Zealand Energy Corp. (CVE:NZ) is an oil and natural gas company engaged in the exploration, acquisition and development of petroleum and natural gas assets in New Zealand.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.