Crescent Point Gets a Hold Rating from Desjardins

By Ryan Adsit

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Desjardins’ analyst Justin Bouchard reiterates their Hold rating on the shares of Crescent Point (TSX: CPG), with a C$12.50 price target.

According to TipRanks.com, Bouchard is ranked #4246 out of 4743 analysts.

Currently, the analyst consensus on Crescent Point is Moderate Buy and the average price target is C$13.92, representing a 23.7% upside.

In a report issued on January 9, RBC Capital also reiterated a Hold rating on the stock with a C$13 price target.

Crescent Point’s market cap is currently C$6.21B and has a P/E ratio of 0.

Crescent Point Energy Corp. operates an oil and gas exploration, development, and production company. It is conventional oil and gas producer with assets strategically focused in properties comprised of quality, long life, operated, light and medium oil and natural gas reserves in Western Canada and the United States.

The company’s shares closed on Friday at C$11.25.