TransGlobe Energy (TGL) PT Set at C$2.75 by Scotiabank

Scotiabank set a C$2.75 price objective on TransGlobe Energy (TSE:TGL) (NYSE:TGA) in a research report released on Thursday morning. The brokerage currently has a sector perform rating on the stock.

TransGlobe Energy (TSE TGL) traded down C$0.04 during mid-day trading on Thursday, hitting C$1.82. 72,720 shares of the company were exchanged, compared to its average volume of 72,470. TransGlobe Energy has a 1-year low of C$1.30 and a 1-year high of C$2.42. The firm has a market cap of $131.12, a PE ratio of -0.95 and a beta of 0.48.

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About TransGlobe Energy

TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties.

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