Raymond James Financial, Inc. Lowers Urthecast Corp (UR) Price Target to C$2.25
Urthecast Corp (TSE:UR) had its price target lowered by investment analysts at Raymond James Financial, Inc. from C$2.75 to C$2.25 in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price suggests a potential upside of 127.27% from the company’s current price.
Separately, Canaccord Genuity reduced their price target on shares of Urthecast Corp from C$3.50 to C$3.25 and set a “speculative buy” rating on the stock in a research report on Friday, May 5th.
Shares of Urthecast Corp (UR) traded up 3.03% during trading on Wednesday, hitting $1.02. 591,611 shares of the stock traded hands. The company’s 50 day moving average is $1.18 and its 200 day moving average is $1.45. Urthecast Corp has a 52-week low of $0.69 and a 52-week high of $2.17. The firm’s market cap is $121.15 million.
In other Urthecast Corp news, insider George Tyc sold 287,900 shares of Urthecast Corp stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of C$1.26, for a total transaction of C$362,754.00. Over the last ninety days, insiders have sold 703,000 shares of company stock worth $900,448.
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