CIBC Reiterates Sector Perform Rating for Sherritt International (S)
Sherritt International (TSE:S)‘s stock had its “sector perform” rating reaffirmed by equities researchers at CIBC in a research report issued on Thursday, American Banking and Market News reports. They currently have a C$4.50 price target on the stock, down from their previous price target of C$5.00. CIBC’s price objective points to a potential upside of 49.01% from the stock’s previous close.
Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Sherritt International in a research note on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$5.27.
Shares of Sherritt International (TSE:S) traded down 4.47% during mid-day trading on Thursday, hitting $2.885. 1,495,472 shares of the company’s stock traded hands. Sherritt International has a 1-year low of $3.01 and a 1-year high of $5.72. The stock has a 50-day moving average of $3.51 and a 200-day moving average of $3.57. The company has a market cap of $856.7 million and a P/E ratio of 302.00.
Sherritt International Corporation (TSE:S) is a natural resource company, which operates in Canada and Cuba.
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