B. Riley Analysts Give Sprague Resources (SRLP) a $29.00 Price Target
B. Riley set a $29.00 price objective on Sprague Resources (NYSE:SRLP) in a report released on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the oil and gas company’s stock.
A number of other brokerages also recently commented on SRLP. BidaskClub raised Sprague Resources from a sell rating to a hold rating in a research report on Friday, October 6th. Zacks Investment Research raised Sprague Resources from a strong sell rating to a hold rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $31.67.
Shares of Sprague Resources (NYSE SRLP) traded up $0.05 during trading hours on Monday, hitting $24.05. The stock had a trading volume of 24,200 shares, compared to its average volume of 37,913. The stock has a market capitalization of $541.27, a P/E ratio of 13.41 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.16 and a current ratio of 2.35. Sprague Resources has a twelve month low of $22.95 and a twelve month high of $30.75.
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