RBC Capital Reiterates a Buy Rating on TransGlobe Energy (TGL)


TransGlobe Energy (TSX: TGL), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Al Stanton from RBC Capital rated TransGlobe Energy (TSX: TGL) a Buy, setting a C$5.25 price target.

Stanton has an average return of 24.5% when recommending TransGlobe Energy.

According to TipRanks.com, Stanton is ranked #339 out of 4879 analysts.

TransGlobe Energy has an analyst consensus of Strong Buy, with a price target consensus of C$5.06.

TransGlobe Energy’s market cap is currently C$309M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.14.

TransGlobe Energy Corp. engages in exploration, development, production, and acquisition of properties. It operates through the following segments: Egypt, Canada, and Corporate.

The company’s shares closed on Friday at C$4.29.

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