SunOpta Stock Rating Upgraded by Octagon Capital (SOY)
SunOpta (TSE:SOY) was upgraded by equities researchers at Octagon Capital to a “buy” rating in a research report issued on Wednesday, Stock Ratings News reports.
SunOpta (TSE:SOY) traded up 4.75% during mid-day trading on Wednesday, hitting $11.25. 23,160 shares of the company’s stock traded hands. SunOpta has a 52-week low of $6.03 and a 52-week high of $11.73. The stock has a 50-day moving average of $9.77 and a 200-day moving average of $9.61. The company’s market cap is $747.8 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Capital Partners raised their price target on shares of SunOpta from C$10.00 to C$12.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of SunOpta in a research note to investors on Wednesday, November 6th. They now have a C$12.00 price target on the stock, down previously from C$12.50. Finally, analysts at Scotiabank raised their price target on shares of SunOpta from C$10.50 to C$12.50 in a research note to investors on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$11.17.
SunOpta Inc (TSE:SOY) is a global company operating businesses focused on a healthy products portfolio that promotes sustainable well-being.
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