Topaz Energy (TSE:TPZ – Get Free Report) had its price objective increased by research analysts at Royal Bank of Canada from C$30.00 to C$32.00 in a report issued on Wednesday, BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 14.12% from the company’s previous close.
TPZ has been the topic of several other research reports. Desjardins boosted their target price on shares of Topaz Energy from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their target price on Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Monday, July 15th. BMO Capital Markets lifted their target price on shares of Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Scotiabank increased their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Securities increased their price objective on shares of Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$31.13.
Check Out Our Latest Analysis on Topaz Energy
Topaz Energy Stock Up 1.4 %
Topaz Energy Company Profile
Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates in two segments, the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.
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