Clarus Securities reaffirmed their hold rating on shares of Surge Energy Inc (TSE:SGY) in a report released on Thursday.

Several other brokerages have also weighed in on SGY. CIBC increased their price objective on Surge Energy from C$2.75 to C$3.00 in a report on Wednesday, October 19th. TD Securities reissued a buy rating and set a C$3.50 price objective on shares of Surge Energy in a report on Thursday, November 10th. Scotiabank reissued a sector perform rating and set a C$3.00 price objective on shares of Surge Energy in a report on Thursday, November 10th. Royal Bank Of Canada increased their price objective on Surge Energy from C$2.75 to C$3.00 and gave the company a sector perform rating in a report on Thursday, October 6th. Finally, RBC Capital Markets increased their price objective on Surge Energy from C$2.75 to C$3.00 and gave the company a sector perform rating in a report on Thursday, October 6th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of C$2.99.

Analyst Recommendations for Surge Energy (TSE:SGY)

Shares of Surge Energy (TSE:SGY) opened at 2.68 on Thursday. Surge Energy has a 12 month low of $1.40 and a 12 month high of $3.13. The company’s market cap is $592.41 million. The company’s 50-day moving average price is $2.79 and its 200-day moving average price is $2.51.

In related news, Director Paul Colborne acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were purchased at an average price of C$2.58 per share, for a total transaction of C$25,800.00.

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