Scotiabank Increases Advantage Energy (OTCMKTS:AAVVF) Price Target to C$10.50

Advantage Energy (OTCMKTS:AAVVF) had its target price lifted by Scotiabank from C$9.50 to C$10.50 in a note issued to investors on Thursday, The Fly reports.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus lowered their price target on Advantage Energy from C$9.50 to C$8.25 and set a “buy” rating on the stock in a report on Wednesday, December 8th. Royal Bank of Canada raised their target price on Advantage Energy from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Monday, November 1st. BMO Capital Markets raised their target price on Advantage Energy from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, October 29th. National Bank Financial raised their target price on Advantage Energy from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Friday, January 7th. Finally, CIBC raised their target price on Advantage Energy from C$7.00 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, October 15th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $8.42.

Shares of AAVVF opened at $5.90 on Thursday. The business’s fifty day simple moving average is $5.70 and its two-hundred day simple moving average is $4.88. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 147.50 and a beta of 1.87. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21. Advantage Energy has a 12 month low of $1.49 and a 12 month high of $6.66.

Advantage Energy Company Profile

Advantage Energy Ltd. engages in the development and production of natural gas and liquids. It focuses its operation in Glacier, Wembley, Valhalla, and Progress, Alberta. The company was founded on January 2, 1997 and is headquartered in Calgary, Canada.

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