Standard Nuclear (NYSE:STDN) Shares Up 5.5% Following Analyst Upgrade

Standard Nuclear, Inc. (NYSE:STDN)’s stock price shot up 5.5% during mid-day trading on Monday after Royal Bank Of Canada raised their price target on the stock from $11.00 to $13.00. Royal Bank Of Canada currently has an outperform rating on the stock. Standard Nuclear traded as high as $14.99 and last traded at $14.88. 196,096 shares were traded during trading, a decline of 79% from the average daily volume of 934,765 shares. The stock had previously closed at $14.10.

Other equities research analysts have also recently issued research reports about the stock. Evercore assumed coverage on shares of Standard Nuclear in a research note on Monday, August 10th. They set an “outperform” rating and a $17.00 target price on the stock. William Blair initiated coverage on Standard Nuclear in a research note on Monday, August 10th. They set an “outperform” rating for the company. UBS Group started coverage on shares of Standard Nuclear in a report on Monday, August 10th. They issued a “buy” rating and a $14.00 price objective on the stock. Wall Street Zen lowered Standard Nuclear from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Bank of America began coverage on shares of Standard Nuclear in a research report on Monday, August 10th. They issued a “buy” rating and a $15.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Standard Nuclear presently has an average rating of “Moderate Buy” and an average price target of $15.86.

Standard Nuclear Price Performance

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

Standard Nuclear Company Profile

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.