Surge Energy Inc (SGY) Price Target Increased to C$3.00 by Analysts at Royal Bank Of Canada
Surge Energy Inc (TSE:SGY) had its price objective increased by Royal Bank Of Canada from C$2.75 to C$3.00 in a research note released on Thursday morning. They currently have a sector perform rating on the stock.
Several other equities research analysts have also recently commented on the company. CIBC raised Surge Energy from an underperform rating to a sector perform rating in a research note on Wednesday, September 28th. TD Securities upped their target price on Surge Energy from C$3.25 to C$3.50 and gave the stock a buy rating in a research report on Wednesday, September 7th. Scotiabank reaffirmed a sector perform rating and set a C$3.00 target price on shares of Surge Energy in a research report on Wednesday, September 7th. Paradigm Capital raised Surge Energy from a hold rating to a buy rating and upped their target price for the stock from C$2.50 to C$3.00 in a research report on Wednesday, September 7th. Finally, FirstEnergy Capital upped their target price on Surge Energy from C$3.00 to C$3.25 and gave the stock an outperform rating in a research report on Wednesday, September 7th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of C$2.97.
Shares of Surge Energy (TSE:SGY) traded down 2.41% during mid-day trading on Thursday, hitting $2.84. 697,102 shares of the company were exchanged. The stock’s 50-day moving average price is $2.50 and its 200 day moving average price is $2.39. The stock’s market cap is $627.77 million. Surge Energy has a 12-month low of $1.40 and a 12-month high of $3.72.
In other 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 acquired at an average cost of C$2.58 per share, for a total transaction of C$25,800.00.
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