ARC Resources (TSE:ARX) Price Target Lowered to C$27.00 at Jefferies Financial Group
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Jefferies Financial Group has lowered its price target for ARC Resources (TSE:ARX) from C$28.00 to C$27.00, indicating a potential upside of 10.70% from the previous close. Other analysts have also adjusted their targets, with CIBC reducing theirs to C$31.50 and Scotiabank to C$30.00. Currently, ARC Resources has an average rating of "Buy" and an average target price of C$32.46. The stock traded at C$24.39, with a market cap of C$14.04 billion and a P/E ratio of 10.38. The company reported C$0.37 EPS for the last quarter.
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