RBC Capital Starts Stock Coverage on Transglobe Energy (TGA)
Research analysts at RBC Capital (NYSE: RY) assumed coverage on shares of Transglobe Energy (NYSE: TGA) in a report released on Monday. The firm set a “sector perform” rating and a $13.00 price target on the stock.
Transglobe Energy traded up 0.32% on Monday, hitting $9.52. Transglobe Energy has a 52-week low of $6.75 and a 52-week high of $14.46. The company has a market cap of $696.0 million and a price-to-earnings ratio of 7.94.
TransGlobe Energy Corporation (TransGlobe) is a Canadian-based oil exploration and production company whose continuing activities are concentrated in two main geographic areas: the Arab Republic of Egypt (Egypt) and the Republic of Yemen (Yemen).