Surge Energy Inc (SGY) Price Target Raised to C$3.00 at RBC Capital Markets
Surge Energy Inc (TSE:SGY) had its price target upped by RBC Capital Markets from C$2.75 to C$3.00 in a research report released on Thursday. RBC Capital Markets currently has a sector perform rating on the stock.
A number of other brokerages have also weighed in on SGY. Royal Bank Of Canada boosted their price objective on shares of Surge Energy from C$2.75 to C$3.00 and gave the stock a sector perform rating in a report on Thursday. Scotiabank reiterated a sector perform rating and set a C$3.00 target price on shares of Surge Energy in a research note on Thursday. CIBC began coverage on shares of 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. TD Securities reiterated a buy rating and set a C$3.25 target price on shares of Surge Energy in a research note on Thursday, August 4th. Finally, Paradigm Capital upgraded shares of Surge Energy from a hold rating to a buy rating and boosted their target price for the company from C$2.50 to C$3.00 in a research note on Wednesday, September 7th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Surge Energy has an average rating of Buy and a consensus price target of C$2.97.
Surge Energy (TSE:SGY) traded down 2.41% during midday trading on Thursday, reaching $2.84. The company had a trading volume of 697,102 shares. Surge Energy has a 52 week low of $1.40 and a 52 week high of $3.72. The company’s market capitalization is $627.77 million. The firm has a 50-day moving average price of $2.50 and a 200-day moving average price of $2.39.
In other Surge Energy news, Director Paul Colborne bought 10,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were purchased at an average cost of C$2.58 per share, for a total transaction of C$25,800.00.
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