Analysts Offer Insights on Utilities Companies: and MEG Energy (Other OTC: MEGEF)

Analysts fell to the sidelines weighing in on and MEG Energy (MEGEFResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

MEG Energy (MEGEF)

In a report released yesterday, AltaCorp Captial from ATB Capital Markets maintained a Hold rating on MEG Energy, with a price target of C$11.00. The company’s shares closed last Wednesday at $7.52, close to its 52-week high of $7.91.

Currently, the analyst consensus on MEG Energy is a Moderate Buy with an average price target of $8.80, representing a 14.7% upside. In a report issued on June 8, J.P. Morgan also maintained a Hold rating on the stock with a C$11.00 price target.

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