Surge Energy Inc (TSE:SGY) had its price target boosted by RBC Capital Markets from C$2.75 to C$3.00 in a report released on Thursday. The brokerage currently has a sector perform rating on the stock.
SGY has been the subject of a number of other research reports. Scotiabank reaffirmed a sector perform rating and issued a C$3.00 price objective on shares of Surge Energy in a report on Wednesday, September 7th. CIBC upgraded shares of Surge Energy from an underperform rating to a sector perform rating in a research report on Wednesday, September 28th. FirstEnergy Capital lifted their target price on shares of Surge Energy from C$3.00 to C$3.25 and gave the company an outperform rating in a research report on Wednesday, September 7th. TD Securities reiterated a buy rating and issued a C$3.25 target price on shares of Surge Energy in a research report on Thursday, August 4th. Finally, Royal Bank Of Canada lifted their target price on shares of Surge Energy from C$2.75 to C$3.00 and gave the company a sector perform rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Surge Energy has an average rating of Buy and an average target price of C$2.97.
Surge Energy (TSE:SGY) traded down 2.41% during mid-day trading on Thursday, reaching $2.84. 697,102 shares of the company were exchanged. The company’s market capitalization is $627.77 million. The company has a 50 day moving average of $2.50 and a 200-day moving average of $2.39. Surge Energy has a 1-year low of $1.40 and a 1-year high of $3.72.
In other news, Director Paul Colborne bought 10,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were bought at an average cost of C$2.58 per share, for a total transaction of C$25,800.00.
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