Sherritt International Given New C$3.60 Price Target at RBC Equities research analysts at RBC Capital reduced their price target on shares of Sherritt International (TSE:S) from C$4.40 to C$3.60 in a research note issued to investors on Thursday,Analyst Ratings.Net reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target points to a potential upside of 22.87% from the stock’s previous close.
A number of other analysts have also recently weighed in on S. Analysts at TD Securities cut their price target on shares of Sherritt International from C$4.25 to C$3.50 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Sherritt International from C$4.00 to C$3.50 in a research note on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at CIBC reiterated a “sector perform” rating on shares of Sherritt International in a research note on Thursday. They now have a C$4.50 price target on the stock, down previously from C$5.00. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$4.81.
Shares of Sherritt International (TSE:S) traded up 1.02% during mid-day trading on Thursday, hitting $2.96. 1,202,241 shares of the company’s stock traded hands. Sherritt International has a one year low of $2.82 and a one year high of $5.72. The stock’s 50-day moving average is $3.47 and its 200-day moving average is $3.56. The company’s market cap is $876.5 million.
Sherritt International Corporation (TSE:S) is a Canada-based natural resource company, which operates in Canada and Cuba.
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