Brokerages Set Logan Energy Corp. (CVE:LGN) Target Price at C$1.50

Shares of Logan Energy Corp. (CVE:LGN) have earned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$1.50.

A number of equities research analysts recently weighed in on the company. CIBC boosted their price objective on Logan Energy from C$1.50 to C$1.75 in a research report on Monday, July 15th. Scotiabank upgraded Logan Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, June 14th.

Logan Energy Stock Performance

CVE LGN opened at C$0.80 on Friday. Logan Energy has a fifty-two week low of C$0.76 and a fifty-two week high of C$1.10. The stock has a market cap of C$372.43 million and a PE ratio of -89.50. The firm’s fifty day moving average price is C$0.86 and its two-hundred day moving average price is C$0.87.

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.