ARC Resources (TSE:ARX – Get Free Report) had its price target lifted by National Bankshares from C$31.00 to C$32.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 29.08% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. Canaccord Genuity Group raised their price target on ARC Resources from C$27.00 to C$29.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. UBS Group reduced their target price on ARC Resources from C$33.00 to C$32.00 in a report on Wednesday, July 10th. Desjardins upped their price target on ARC Resources from C$30.00 to C$31.50 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. CIBC boosted their price objective on shares of ARC Resources from C$31.00 to C$34.00 in a report on Monday, July 15th. Finally, Scotiabank lifted their price target on shares of ARC Resources from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$30.96.
View Our Latest Stock Analysis on ARC Resources
ARC Resources Trading Up 7.4 %
ARC Resources Company Profile
ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.
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