Canaccord Genuity Boosts TransGlobe Energy Co. (TGL) Price Target to C$4.25
Several other brokerages have also recently commented on TGL. Dundee Securities increased their price target on TransGlobe Energy from C$3.70 to C$4.25 in a research report on Monday, August 15th. CSFB raised their price objective on TransGlobe Energy from C$2.50 to C$2.75 in a research report on Friday, August 12th. Paradigm Capital raised their price objective on TransGlobe Energy from C$3.25 to C$4.00 and gave the company a buy rating in a research report on Monday, September 12th. Royal Bank Of Canada cut their price objective on TransGlobe Energy from C$3.30 to C$3.00 in a research report on Thursday, July 14th. Finally, FirstEnergy Capital raised TransGlobe Energy from an outperform rating to a top pick rating in a research report on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of C$3.41.
Shares of TransGlobe Energy (TSE:TGL) opened at 2.60 on Thursday. TransGlobe Energy has a 52-week low of $1.45 and a 52-week high of $4.06. The stock’s 50 day moving average price is $2.45 and its 200-day moving average price is $2.33. The company’s market capitalization is $187.73 million.
TransGlobe Energy Company Profile
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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