Analyst Rating Update on This Canadian Energy Company
On October 9, an analyst has provided a rating update for the Materials sector company, Journey Energy (TSX: JOY). On October 9, analyst Thomas Matthews gave a Hold rating to JOY and set a C$2.75 price target.
According to TipRanks.com, Matthews is ranked #678 out of 4897 analysts.
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Journey Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$2.70.
Journey Energy’s market cap is currently C$90.97M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.30.
Journey Energy, Inc. is a Canadian exploration and production company focused on oil-weighted operations in western Canada. Its activities include drilling on its existing core lands, implementing water flood projects and executing on accretive acquisitions. The company was founded on June 26, 2007 and is headquartered in Alberta, Canada.
The company’s shares closed on Thursday at C$2.36, close to its 52-week high of C$2.54.