Surge Energy Inc (SGY) Price Target Raised to C$3.00
Surge Energy Inc (TSE:SGY) had its target price increased by Royal Bank Of Canada from C$2.75 to C$3.00 in a report released on Thursday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has a sector perform rating on the stock.
Several other research analysts have also recently commented on SGY. CIBC started coverage on Surge Energy in a research note on Wednesday, June 15th. They set an underperform rating and a C$2.50 target price for the company. Scotiabank reissued a sector perform rating and set a C$3.00 target price on shares of Surge Energy in a research note on Friday, July 22nd. TD Securities reissued a buy rating and set a C$3.25 target price on shares of Surge Energy in a research note on Friday, July 22nd. National Bank Financial lowered their target price on Surge Energy from C$3.50 to C$3.00 in a research note on Wednesday, August 3rd. Finally, FirstEnergy Capital boosted their target price on Surge Energy from C$3.00 to C$3.25 and gave the stock an outperform rating in a research note on Wednesday, September 7th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$2.97.
Surge Energy (TSE:SGY) opened at 2.83 on Thursday. The stock’s market capitalization is $625.56 million. Surge Energy has a 52 week low of $1.40 and a 52 week high of $3.49. The stock has a 50 day moving average price of $2.51 and a 200 day moving average price of $2.40.
In other news, Director Paul Colborne bought 10,000 shares of Surge Energy stock in a transaction dated Thursday, September 8th. The stock was acquired at an average cost of C$2.58 per share, with a total value of C$25,800.00.
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