Desjardins Lowers Advantage Energy (TSE:AAV) Price Target to C$14.50

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective reduced by research analysts at Desjardins from C$15.00 to C$14.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 30.28% from the stock’s previous close.

Separately, National Bankshares cut Advantage Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$14.50 to C$14.00 in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.93.

Advantage Energy Stock Performance

TSE:AAV opened at C$11.13 on Thursday. The business’s 50-day moving average price is C$11.39 and its two-hundred day moving average price is C$11.14. Advantage Energy has a twelve month low of C$7.81 and a twelve month high of C$12.75. The stock has a market cap of C$1.86 billion, a P/E ratio of 34.78, a PEG ratio of -3.58 and a beta of 0.18. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40.

Advantage Energy Company Profile

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.