Surge Energy (TSE:SGY) had its target price lifted by Paradigm Capital from C$8.00 to C$8.50 in a research note released on Monday morning, Stock Ratings Network.com reports.
Surge Energy (TSE: SGY) traded down 0.88% on Monday, hitting $5.64. Surge Energy has a 1-year low of $2.68 and a 1-year high of $8.85. The stock’s 50-day moving average is currently $5.42.
SGY has been the subject of a number of other recent research reports. Analysts at National Bank Financial reiterated an outperform rating on shares of Surge Energy in a research note to investors on Thursday, July 4th. Separately, analysts at Dundee Securities raised their price target on shares of Surge Energy from C$6.75 to C$7.25 in a research note to investors on Thursday, July 4th. They now have a buy rating on the stock. Finally, analysts at CIBC raised their price target on shares of Surge Energy from C$6.50 to C$6.75 in a research note to investors on Thursday, July 4th. They now have an outperform rating on the stock.
One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of C$7.57.