Scotiabank Cuts Logan Energy (CVE:LGN) Price Target to C$1.75

Logan Energy (CVE:LGN) had its price objective decreased by Scotiabank from C$1.85 to C$1.75 in a report issued on Friday morning,BayStreet.CA reports.

Several other brokerages have also commented on LGN. National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd. National Bankshares set a C$1.50 price target on Logan Energy and gave the company an “outperform” rating in a research note on Friday, October 4th. CIBC dropped their price target on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. Finally, Cormark raised shares of Logan Energy to a “moderate buy” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$1.45.

Logan Energy Stock Up 1.4 %

CVE:LGN opened at C$0.73 on Friday. The stock has a market capitalization of C$389.84 million and a price-to-earnings ratio of -89.50. Logan Energy has a 52 week low of C$0.66 and a 52 week high of C$0.97. The firm has a 50 day moving average of C$0.74 and a 200 day moving average of C$0.79.

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.