RBC Capital reaffirmed their sector perform rating on shares of Parallel Energy Trust (TSE:PLT.UN) in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has a C$5.00 price target on the stock.
RBC Capital has also modified their ratings on a number of other stocks in the few days. The firm downgraded shares of Randgold Resources Ltd. from an outperform rating to a sector perform rating. They noted that the move was a valuation call. Also, RBC Capital upgraded shares of Crosstex Energy LP from a sector perform rating to an outperform rating. RBC Capital now has a $29.00 price target on that stock, down previously from $35.00. Finally, RBC Capital lowered its price target on shares of NovaGold Resources from $7.00 to $3.50. They have a sector perform rating on that stock.
A number of other firms have also recently commented on PLT.UN. Analysts at CIBC reiterated a sector perform rating on shares of Parallel Energy Trust in a research note to investors on Tuesday. They now have a C$4.50 price target on the stock. Separately, analysts at TD Securities downgraded shares of Parallel Energy Trust from a buy rating to a hold rating in a research note to investors on Tuesday. They now have a C$4.25 price target on the stock, down previously from C$4.75. Finally, analysts at National Bank Financial raised their price target on shares of Parallel Energy Trust from C$3.75 to C$4.25 in a research note to investors on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and a consensus target price of C$4.60.
Parallel Energy Trust (TSE:PLT) is an unincorporated open-ended limited purpose trust.
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