Royal Bank of Canada Raises Topaz Energy (TSE:TPZ) Price Target to C$32.00

Topaz Energy (TSE:TPZ) had its price objective increased by equities research analysts at Royal Bank of Canada from C$30.00 to C$32.00 in a report released on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 13.72% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Desjardins raised their price target on Topaz Energy from C$30.00 to C$31.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group upped their price target on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Monday, July 15th. BMO Capital Markets increased their price objective on Topaz Energy from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. TD Securities lifted their target price on shares of Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group raised their target price on shares of Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Topaz Energy has a consensus rating of “Moderate Buy” and an average price target of C$31.13.

Topaz Energy Trading Up 0.7 %

TSE:TPZ opened at C$28.14 on Wednesday. Topaz Energy has a 1 year low of C$18.03 and a 1 year high of C$28.16. The stock’s fifty day moving average price is C$26.38 and its two-hundred day moving average price is C$24.77. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17. The company has a market cap of C$4.08 billion, a P/E ratio of 76.05 and a beta of 0.50.

About Topaz Energy

Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates in two segments, the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.