Logan Energy (CVE:LGN) Price Target Cut to C$1.75 by Analysts at Scotiabank

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

Several other brokerages have also recently weighed in on LGN. Cormark upgraded shares of Logan Energy to a “moderate buy” rating in a research report on Thursday, October 24th. CIBC reduced their price target on shares of Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. National Bankshares set a C$1.50 price target on shares of Logan Energy and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, National Bank Financial upgraded shares of Logan Energy to a “strong-buy” rating in a research report on Thursday, October 3rd. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$1.50.

Logan Energy Stock Performance

Shares of LGN opened at C$0.73 on Friday. The company’s fifty day moving average is C$0.74 and its 200 day moving average is C$0.79. Logan Energy has a fifty-two week low of C$0.66 and a fifty-two week high of C$0.97. The stock has a market capitalization of C$389.84 million and a PE ratio of -89.50.

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.