Surge Energy Inc (SGY) Rating Reiterated by TD Securities
Surge Energy Inc (TSE:SGY)‘s stock had its “buy” rating restated by TD Securities in a report released on Thursday. They currently have a C$3.50 target price on the stock. TD Securities’ target price would suggest a potential upside of 33.08% from the company’s current price.
Several other research firms also recently weighed in on SGY. National Bank Financial dropped their target price on shares of Surge Energy from C$3.50 to C$3.00 in a report on Wednesday, August 3rd. CIBC lifted their target price on shares of Surge Energy from C$2.75 to C$3.00 in a report on Wednesday, October 19th. Scotiabank reiterated a “sector perform” rating and issued a C$3.00 target price on shares of Surge Energy in a report on Thursday, October 6th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$2.75 target price on shares of Surge Energy in a report on Wednesday, September 7th. Finally, Paradigm Capital upgraded shares of Surge Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from C$2.50 to C$3.00 in a 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. Surge Energy currently has a consensus rating of “Buy” and an average target price of C$2.99.
Shares of Surge Energy (TSE:SGY) opened at 2.63 on Thursday. The stock’s market cap is $582.85 million. Surge Energy has a one year low of $1.40 and a one year high of $3.13. The stock’s 50 day moving average price is $2.79 and its 200 day moving average price is $2.51.
In other news, Director Paul Colborne bought 10,000 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was purchased at an average price of C$2.58 per share, for a total transaction of C$25,800.00.
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