Canaccord Genuity Boosts Iron Bridge Resources (IBR) Price Target to C$0.84
A number of other brokerages have also recently issued reports on IBR. Industrial Alliance Securities lifted their price objective on shares of Iron Bridge Resources from C$0.75 to C$0.85 in a report on Tuesday. Raymond James lifted their price objective on shares of Iron Bridge Resources from C$0.75 to C$0.85 and gave the company a market perform rating in a report on Tuesday. Laurentian reduced their price objective on shares of Iron Bridge Resources from C$1.00 to C$0.85 and set a tender rating for the company in a report on Monday. National Bank Financial cut shares of Iron Bridge Resources from a sector perform rating to a tender rating and set a C$0.85 price objective for the company. in a report on Monday. Finally, Scotiabank lifted their price objective on shares of Iron Bridge Resources from C$0.70 to C$0.80 and gave the company a sector perform rating in a report on Wednesday, May 23rd. Three research analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and an average target price of C$0.86.
TSE:IBR opened at C$0.84 on Tuesday. Iron Bridge Resources has a 12 month low of C$0.46 and a 12 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.
Further Reading: What is Compound Annual Growth Rate (CAGR)?
Receive News & Ratings for Iron Bridge Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Bridge Resources and related companies with MarketBeat.com's FREE daily email newsletter.