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

Logan Energy (CVE:LGN) had its target price reduced by investment analysts at Scotiabank from C$1.85 to C$1.75 in a note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s target price points to a potential upside of 139.73% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on LGN. CIBC decreased their price objective on shares of Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. National Bank Financial raised Logan Energy to a “strong-buy” rating in a research report on Thursday, October 3rd. Cormark raised Logan Energy to a “moderate buy” rating in a research report on Thursday, October 24th. Finally, National Bankshares set a C$1.50 price target on Logan Energy and gave the company an “outperform” rating in a report on Friday, October 4th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Logan Energy has an average rating of “Buy” and a consensus target price of C$1.45.

Logan Energy Price Performance

Shares of LGN stock opened at C$0.73 on Friday. The company has a market capitalization of C$389.84 million and a PE ratio of -89.50. The firm’s 50-day moving average is C$0.74 and its two-hundred day moving average is C$0.79. Logan Energy has a 12 month low of C$0.66 and a 12 month high of C$0.97.

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.