ATB Capital Lowers Highwood Asset Management (CVE:HAM) Price Target to C$7.25

Highwood Asset Management (CVE:HAM - Get Free Report) had its price objective decreased by equities researchers at ATB Capital from C$8.00 to C$7.25 in a research report issued to clients and investors on Friday,BayStreet.CA reports. ATB Capital's price objective would suggest a potential upside of 28.77% from the company's current price.

Highwood Asset Management Stock Performance

Shares of CVE HAM traded down C$0.05 during midday trading on Friday, hitting C$5.63. 2,100 shares of the company traded hands, compared to its average volume of 5,923. Highwood Asset Management has a 12-month low of C$5.02 and a 12-month high of C$6.50. The stock has a 50-day moving average price of C$5.63 and a 200 day moving average price of C$5.74. The firm has a market cap of C$83.55 million, a P/E ratio of 1.04 and a beta of -0.90.

About Highwood Asset Management

Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.