Logan Energy (CVE:LGN – Get Free Report) had its price target cut by equities researchers at CIBC from C$1.75 to C$1.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 87.50% from the company’s current price.
A number of other equities research analysts have also recently commented on LGN. Scotiabank raised shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 14th. National Bankshares set a C$1.50 target price on shares of Logan Energy and gave the company an “outperform” rating in a report on Friday. Finally, National Bank Financial upgraded shares of Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$1.47.
View Our Latest Research Report on LGN
Logan Energy Stock Performance
About Logan Energy
Logan Energy Corp. engages in the exploration, development and production of crude oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in northeastern British Columbia. Logan Energy Corp. was incorporated in 2023 and is headquartered in Calgary, Canada.
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