Surge Energy Inc (TSE:SGY) had its price target hoisted by RBC Capital Markets from C$2.75 to C$3.00 in a research note issued to investors on Thursday morning. RBC Capital Markets currently has a sector perform rating on the stock.
Several other brokerages have also recently commented on SGY. National Bank Financial dropped their target price on shares of Surge Energy from C$3.50 to C$3.00 in a research report on Wednesday, August 3rd. CIBC initiated coverage on shares of Surge Energy in a report on Wednesday, June 15th. They set an underperform rating and a C$2.50 price target on the stock. Scotiabank reaffirmed a sector perform rating and set a C$3.00 price target on shares of Surge Energy in a report on Thursday, October 6th. Royal Bank Of Canada reaffirmed a sector perform rating and set a C$2.75 price target on shares of Surge Energy in a report on Wednesday, September 7th. Finally, TD Securities reaffirmed a buy rating and set a C$3.25 price target on shares of Surge Energy in a report on Friday, July 22nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of C$2.97.
Shares of Surge Energy (TSE:SGY) opened at 2.83 on Thursday. The firm’s market capitalization is $625.56 million. Surge Energy has a 12-month low of $1.40 and a 12-month high of $3.49. The firm has a 50-day moving average of $2.51 and a 200 day moving average of $2.40.
In other news, Director Paul Colborne purchased 10,000 shares of the company’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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