Pengrowth Energy Corp Downgraded by CIBC (PGF) - InvestingChannel

Pengrowth Energy Corp Downgraded by CIBC (PGF)

Pengrowth Energy Corp (TSE: PGF) Pengrowth Energy Corp traded down 1.02% on Tuesday, hitting $4.87. Pengrowth Energy Corp has a 1-year low of $4.66 and a 1-year high of $10.73. The stock?s 50-day moving average is currently $4.96.

A number of other analysts have also recently weighed in on PGF. Analysts at Barclays Capital cut their price target on shares of Pengrowth Energy Corp from $7.00 to $6.00 in a research note to investors on Monday. Separately, analysts at National Bank cut their price target on shares of Pengrowth Energy Corp from $6.50 to $6.00 in a research note to investors on Monday. Finally, analysts at RBC Capital reiterated a ?sector perform? rating on shares of Pengrowth Energy Corp in a research note to investors on Monday. They now have a $6.00 price target on the stock. Pengrowth Energy Corporation (Pengrowth) is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia.