Seven Generations Energy Ltd. (VII) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Seven Generations Energy Ltd. (TSE:VII) have received an average recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$27.82.

A number of analysts have recently commented on the company. Royal Bank Of Canada cut their price objective on Seven Generations Energy from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Friday, November 17th. Scotiabank cut their price objective on Seven Generations Energy from C$27.00 to C$22.00 and set an “outperform” rating for the company in a research report on Friday, November 17th. Eight Capital cut their price objective on Seven Generations Energy from C$22.00 to C$20.50 in a research report on Friday, November 17th. TD Securities cut their price objective on Seven Generations Energy from C$27.00 to C$25.00 and set a “buy” rating for the company in a research report on Friday, November 17th. Finally, BMO Capital Markets cut their price objective on Seven Generations Energy from C$27.00 to C$24.00 in a research report on Friday, November 17th.

In other news, insider Canada Pension Plan Investment purchased 303,900 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was purchased at an average cost of C$20.23 per share, for a total transaction of C$6,147,897.00. Also, Director Marty Leigh Proctor purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average price of C$16.59 per share, with a total value of C$165,900.00. Insiders have purchased 4,577,919 shares of company stock valued at $88,316,964 over the last quarter.

Seven Generations Energy (TSE:VII) opened at C$17.16 on Thursday. Seven Generations Energy has a twelve month low of C$16.06 and a twelve month high of C$32.90.

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About Seven Generations Energy

Seven Generations Energy Ltd. is a Canada-based natural gas developer. The Company focuses on exploration, development and production of oil and natural gas properties in western Canada. The Company focuses on the acquisition, development and value optimization of tight and shale hydrocarbon resource plays.

Analyst Recommendations for Seven Generations Energy (TSE:VII)

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