Canaccord Genuity Thinks Razor Energy Corp’s Stock is Going to Recover

By Austin Angelo

In a new note to investors today, an analyst has provided a rating update for the NA sector company, Razor Energy Corp (TSXV: RZE). The company received a Buy rating from Canaccord Genuity’s analyst Sam Roach, with a C$2.50 price target.

Roach noted:

“We continue to rate RZE a SPECULATIVE BUY, and assign a C$2.50 price target.”

According to TipRanks.com, Roach is a 4-star analyst with an average return of 7.6% and a 56.3% success rate. Roach covers the Basic Materials sector, focusing on stocks such as Abraxas Petroleum Corp, Obsidian Energy Ltd, and NuVista Energy Ltd.

Razor Energy Corp has an analyst consensus of Moderate Buy, with a price target consensus of C$2.50.

The company has a one-year high of C$4 and a one-year low of C$1.25. Currently, Razor Energy Corp has an average volume of 13.91K.

The company’s shares closed on Friday at C$1.56, close to its 52-week low of C$1.25.