Sherritt International Receives Average Recommendation of “Buy” from Brokerages (TSE:S)
Sherritt International (TSE:S) has earned a consensus recommendation of “Buy” from the eight analysts that are covering the company, ARN reports. Six analysts have rated the stock with a buy recommendation, The average twelve-month target price among brokerages that have covered the stock in the last year is C$6.13.
Shares of Sherritt International (TSE:S) traded up 0.98% on Tuesday, hitting $4.12. 101,334 shares of the company’s stock traded hands. Sherritt International has a 52-week low of $2.82 and a 52-week high of $4.90. The stock has a 50-day moving average of $4.42 and a 200-day moving average of $4.10. The company’s market cap is $1.225 billion.
Sherritt International (TSE:S) last announced its earnings results on Thursday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.07. On average, analysts predict that Sherritt International will post $-0.30 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on S shares. Analysts at Desjardins initiated coverage on shares of Sherritt International in a research note on Tuesday. They set a “buy” rating and a C$6.00 price target on the stock. Separately, analysts at Scotiabank cut their price target on shares of Sherritt International from C$6.50 to C$6.25 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at Paradigm Capital raised their price target on shares of Sherritt International from C$6.50 to C$8.50 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock.
Sherritt International Corporation (TSE:S) is a Canada-based natural resource company, which operates in Canada and Cuba.
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