Canaccord Genuity Boosts TransGlobe Energy Co. (TGL) Price Target to C$4.25
TransGlobe Energy Co. (TSE:TGL) had its price target increased by Canaccord Genuity from C$4.00 to C$4.25 in a research note released on Thursday morning. Canaccord Genuity currently has a buy rating on the stock.
Other equities analysts also recently issued research reports about the company. Paradigm Capital upped their price objective on TransGlobe Energy from C$3.25 to C$4.00 and gave the company a buy rating in a research note on Monday, September 12th. Royal Bank Of Canada dropped their price objective on TransGlobe Energy from C$3.30 to C$3.00 in a research note on Thursday, July 14th. TD Securities upped their price objective on TransGlobe Energy from C$3.75 to C$4.00 and gave the company a buy rating in a research note on Monday, September 12th. FirstEnergy Capital upgraded TransGlobe Energy from an outperform rating to a top pick rating in a research note on Friday, August 12th. Finally, CSFB upped their price objective on TransGlobe Energy from C$2.50 to C$2.75 in a research note on Friday, August 12th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of C$3.41.
TransGlobe Energy (TSE:TGL) opened at 2.60 on Thursday. The stock has a 50 day moving average price of $2.45 and a 200 day moving average price of $2.33. The company’s market cap is $187.73 million. TransGlobe Energy has a 52 week low of $1.45 and a 52 week high of $4.06.
About TransGlobe Energy
TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties.
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