Parallel Energy Trust’s Hold Rating Reaffirmed at Canaccord Genuity (PLT.UN)

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Parallel Energy Trust (TSE: PLT.UN)‘s stock had its “hold” rating reiterated by Canaccord Genuity in a research note issued on Thursday, Analyst Ratings.Net reports.

A number of other firms have also recently commented on PLT.UN. Analysts at National Bank Financial downgraded shares of Parallel Energy Trust from a “sector perform” rating to an “underperform” rating in a research note to investors on Friday, May 10th. They now have a C$3.75 price target on the stock, down previously from C$4.75. Separately, analysts at TD Securities upgraded shares of Parallel Energy Trust from a “hold” rating to a “buy” rating in a research note to investors on Friday, May 10th. They now have a C$4.75 price target on the stock, down previously from C$5.00. Finally, analysts at Scotiabank cut their price target on shares of Parallel Energy Trust from C$6.00 to C$5.00 in a research note to investors on Friday, May 10th. They now have a “sector perform” rating on the stock.

One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$4.60.

Parallel Energy Trust (TSE: PLT) is an unincorporated open-ended limited purpose trust.

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