Storm Resources Ltd (SRX) Price Target Cut to C$4.50
Storm Resources Ltd (TSE:SRX) had its price target reduced by stock analysts at BMO Capital Markets to C$4.50 in a report issued on Wednesday. The brokerage presently has a “market perform” rating on the oil and natural gas company’s stock.
Several other brokerages have also commented on SRX. CIBC raised Storm Resources from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$5.25 to C$5.75 in a report on Tuesday, May 16th. Royal Bank Of Canada reissued an “outperform” rating and set a C$7.00 price objective on shares of Storm Resources in a report on Friday, May 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Storm Resources has a consensus rating of “Buy” and a consensus price target of C$5.92.
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Storm Resources Company Profile
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