Surge Energy Inc (SGY) PT Raised to C$3.00 at RBC Capital Markets
Surge Energy Inc (TSE:SGY) had its price target upped by equities researchers at RBC Capital Markets from C$2.75 to C$3.00 in a research note issued to investors on Thursday. The brokerage currently has a “sector perform” rating on the stock. RBC Capital Markets’ price target would suggest a potential upside of 6.01% from the stock’s current price.
A number of other equities research analysts have also recently commented on SGY. CIBC lifted their price target on shares of Surge Energy from C$2.50 to C$2.75 in a report on Wednesday, September 7th. Scotiabank reissued a “sector perform” rating and set a C$3.00 target price on shares of Surge Energy in a report on Wednesday, September 7th. TD Securities boosted their target price on shares of Surge Energy from C$3.25 to C$3.50 and gave the company a “buy” rating in a report on Wednesday, September 7th. FirstEnergy Capital boosted their target price on shares of Surge Energy from C$3.00 to C$3.25 and gave the company an “outperform” rating in a report on Wednesday, September 7th. Finally, National Bank Financial lowered their target price on shares of Surge Energy from C$3.50 to C$3.00 in a report on Wednesday, August 3rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$2.97.
Shares of Surge Energy (TSE:SGY) opened at 2.83 on Thursday. The firm’s market cap is $625.56 million. The company’s 50 day moving average price is $2.51 and its 200 day moving average price is $2.40. Surge Energy has a 12-month low of $1.40 and a 12-month high of $3.71.
In related news, Director Paul Colborne bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The stock was bought at an average cost of C$2.58 per share, for a total transaction of C$25,800.00.
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