National Bank Financial Reiterates C$1.75 Price Target for Logan Energy (CVE:LGN)

National Bank Financial set a C$1.75 price objective on Logan Energy (CVE:LGN) in a research note issued to investors on Wednesday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts also recently commented on LGN. Royal Bank Of Canada set a C$1.50 target price on Logan Energy and gave the stock a “moderate buy” rating in a research note on Monday, August 10th. Scotiabank raised shares of Logan Energy to a “strong-buy” rating in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, Logan Energy presently has an average rating of “Buy” and an average target price of C$1.38.

Logan Energy Price Performance

Logan Energy stock opened at C$1.16 on Wednesday. Logan Energy has a one year low of C$0.74 and a one year high of C$1.22. The business has a fifty day moving average price of C$1.11 and a 200-day moving average price of C$0.99. The firm has a market capitalization of C$802.28 million, a P/E ratio of 19.33 and a beta of -0.02.

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.