CIBC Reaffirms Their Buy Rating on Seven Generations A (VII)

By Jason Carr

Seven Generations A (VIIResearch Report), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Jamie Kubik from CIBC rated Seven Generations A (VIIResearch Report) a Buy, setting a C$18 price target.

According to TipRanks.com, Kubik is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -16.2% and a 25.4% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.

Currently, the analyst consensus on Seven Generations A is a Strong Buy with an average price target of C$17.63, a 63.1% upside from current levels. In a report issued on January 7, RBC Capital also reiterated a Buy rating on the stock with a C$15 price target.

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Seven Generations A’s market cap is currently C$4.1B and has a P/E ratio of 15.3. The company has a Price to Book ratio of 0.87.

Seven Generations Energy Ltd. is an independent energy company. It engages in the development and exploration of oil and gas resources. The company is focused on developing non-conventional resource plays including shale gas, tight gas, tight oil, and oil sands in Canada and the United States.

The company’s shares closed on Friday at C$10.81, close to its 52-week low of C$9.15.