Nuvista Energy Ltd (NVA) Receives Consensus Rating of “Buy” from Analysts
Shares of Nuvista Energy Ltd (TSE:NVA) have been assigned an average recommendation of “Buy” from the eleven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$8.57.
A number of equities analysts have issued reports on NVA shares. Raymond James Financial, Inc. lowered their target price on Nuvista Energy from C$10.00 to C$9.00 and set an “outperform” rating for the company in a report on Thursday, May 11th. BMO Capital Markets increased their target price on Nuvista Energy from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a report on Monday, June 5th. TD Securities increased their target price on Nuvista Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a report on Thursday. National Bank Financial increased their target price on Nuvista Energy from C$7.75 to C$8.25 and gave the stock an “outperform” rating in a report on Wednesday. Finally, CSFB reiterated an “outperform” rating and set a C$8.50 target price on shares of Nuvista Energy in a report on Thursday, May 11th.
In other news, Director Grant A. Zawalsky sold 6,343 shares of Nuvista Energy stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of C$7.54, for a total value of C$47,826.22.
Nuvista Energy (TSE NVA) traded up 0.16% during mid-day trading on Friday, reaching $6.31. The company had a trading volume of 185,971 shares. The stock has a market cap of $1.09 billion and a PE ratio of 30.78. Nuvista Energy has a 12 month low of $5.33 and a 12 month high of $7.80. The firm’s 50-day moving average price is $6.36 and its 200-day moving average price is $6.41.
About Nuvista Energy
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