Bonavista Energy (TSE:BNP) had its target price reduced by Desjardins from C$1.50 to C$1.25 in a report released on Tuesday, BayStreet.CA reports.
Several other research firms also recently weighed in on BNP. AltaCorp Capital downgraded Bonavista Energy from a sector perform rating to an underperform rating in a research report on Monday, January 7th. National Bank Financial raised their price target on Bonavista Energy from C$1.20 to C$1.30 and gave the stock a sector perform rating in a research report on Tuesday, February 19th. CIBC dropped their price target on Bonavista Energy from C$1.65 to C$1.55 in a research report on Wednesday, January 9th. Royal Bank of Canada dropped their price target on Bonavista Energy from C$1.75 to C$1.50 in a research report on Tuesday, January 8th. Finally, Raymond James reissued an underperform rating and set a C$1.00 price target on shares of Bonavista Energy in a research report on Tuesday, February 19th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of C$1.30.
Shares of BNP stock opened at C$0.77 on Tuesday. The firm has a market cap of $217.14 million and a P/E ratio of 19.25. Bonavista Energy has a 1 year low of C$0.77 and a 1 year high of C$1.75. The company has a quick ratio of 0.46, a current ratio of 1.07 and a debt-to-equity ratio of 51.65.
About Bonavista Energy
Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.
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