Raymond James Financial Inc. Increases Bonavista Energy Corp (BNP) Price Target to C$4.75

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Bonavista Energy Corp (TSE:BNP) had its target price lifted by analysts at Raymond James Financial from C$3.75 to C$4.75 in a research note issued on Wednesday. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial‘s price target would indicate a potential upside of 8.94% from the company’s previous close.
BNP has been the subject of a number of other reports. BMO Capital Markets lifted their price objective on Bonavista Energy Corp from C$3.75 to C$4.25 in a research note on Thursday, June 30th. CIBC reissued a “sector perform” rating and issued a C$4.00 target price on shares of Bonavista Energy Corp in a research note on Thursday, July 7th. TD Securities reissued a “buy” rating and issued a C$5.00 target price on shares of Bonavista Energy Corp in a research note on Wednesday, July 27th. RBC Capital Markets boosted their target price on Bonavista Energy Corp from C$3.50 to C$4.00 in a research note on Thursday, July 28th. Finally, Royal Bank Of Canada boosted their target price on Bonavista Energy Corp from C$3.50 to C$4.00 in a research note on Thursday, July 28th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$4.35.
Shares of Bonavista Energy Corp (TSE:BNP) traded up 2.83% on Wednesday, hitting $4.36. The stock had a trading volume of 3,605,364 shares. Bonavista Energy Corp has a one year low of $0.94 and a one year high of $4.52. The firm’s 50 day moving average is $3.68 and its 200-day moving average is $3.16. The stock’s market capitalization is $1.11 billion.

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Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.
To view Raymond James Financial’s full report, visit Raymond James Financial’s official website.

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