Royal Bank Of Canada Forecasts Strong Price Appreciation for Standard Nuclear (NYSE:STDN) Stock

Standard Nuclear (NYSE:STDN) had its price objective increased by analysts at Royal Bank Of Canada from $11.00 to $13.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential downside of 9.60% from the stock’s current price.

Several other equities analysts have also issued reports on the company. UBS Group initiated coverage on Standard Nuclear in a research note on Monday, August 10th. They issued a “buy” rating and a $14.00 price target on the stock. Bank of America began coverage on shares of Standard Nuclear in a research report on Monday, August 10th. They set a “buy” rating and a $15.00 target price on the stock. Wall Street Zen downgraded shares of Standard Nuclear from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Stifel Nicolaus started coverage on Standard Nuclear in a research note on Monday, August 10th. They issued a “buy” rating and a $16.00 target price for the company. Finally, The Goldman Sachs Group started coverage on Standard Nuclear in a report on Monday, August 10th. They issued a “buy” rating and a $18.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Standard Nuclear presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.71.

Standard Nuclear Trading Up 0.5%

Standard Nuclear stock traded up $0.07 during trading hours on Friday, reaching $14.38. 378,225 shares of the company’s stock were exchanged, compared to its average volume of 946,628. Standard Nuclear has a twelve month low of $7.05 and a twelve month high of $15.43.

Standard Nuclear (NYSE:STDN) last posted its quarterly earnings data on Wednesday, August 26th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The firm had revenue of $4.74 million during the quarter, compared to analysts’ expectations of $2.97 million. On average, sell-side analysts forecast that Standard Nuclear will post -0.33 earnings per share for the current year.

About Standard Nuclear

Standard Nuclear Inc operates as a nuclear fuel company principally in the United States. It engages in design, engineer and manufacturing of advanced nuclear fuels with a primary focus on TRISO fuel that is utilized by advanced reactors. Standard Nuclear Inc is based in Oak Ridge, Tennessee.