Surge Energy Receives Sector Outperform Rating from CIBC (SGY)
Surge Energy (TSE:SGY)‘s stock had its “sector outperform” rating reiterated by analysts at CIBC in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports.
Surge Energy (TSE:SGY) traded down 1.05% on Thursday, hitting $6.61. 2,879,432 shares of the company’s stock traded hands. Surge Energy has a one year low of $2.68 and a one year high of $7.30. The stock’s 50-day moving average is $6.5 and its 200-day moving average is $6.13.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Surge Energy in a research note to investors on Wednesday, November 20th. They set a “buy” rating and a C$8.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Surge Energy from C$7.25 to C$7.50 in a research note to investors on Tuesday, November 5th. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial reiterated an “outperform” rating on shares of Surge Energy in a research note to investors on Wednesday, October 30th. They now have a C$8.50 price target on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Surge Energy currently has a consensus rating of “Buy” and a consensus target price of C$7.78.
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