Todays Report: The Surge Energy Inc (SGY) PT Raised to C$3.00

The Surge Energy Inc (SGY) PT Raised to C$3.00

Surge Energy Inc (TSE:SGY) had its target price boosted by investment analysts at Royal Bank Of Canada from C$2.75 to C$3.00 in a research report issued on Thursday, StockTargetPrices.com reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 6.01% from the company’s previous close.

Several other equities research analysts have also weighed in on SGY. CIBC increased their target price on Surge Energy from C$2.50 to C$2.75 in a research report on Wednesday, September 7th. Scotiabank reaffirmed a “sector perform” rating and issued a C$3.00 target price on shares of Surge Energy in a research report on Wednesday, September 7th. TD Securities increased their target price on Surge Energy from C$3.25 to C$3.50 and gave the stock a “buy” rating in a research report on Wednesday, September 7th. FirstEnergy Capital increased their target price on Surge Energy from C$3.00 to C$3.25 and gave the stock an “outperform” rating in a research report on Wednesday, September 7th. Finally, National Bank Financial dropped their target price on Surge Energy from C$3.50 to C$3.00 in a research report on Wednesday, August 3rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Surge Energy presently has a consensus rating of “Buy” and a consensus target price of C$2.97.

Shares of Surge Energy (TSE:SGY) opened at 2.83 on Thursday. Surge Energy has a 52-week low of $1.40 and a 52-week high of $3.71. The company has a 50 day moving average of $2.51 and a 200 day moving average of $2.40. The stock’s market capitalization is $625.56 million.

In other news, Director Paul Colborne bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was acquired at an average price of C$2.58 per share, with a total value of C$25,800.00.

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