Raymond James.......
Surge Energy logoSurge Energy Inc. (TSE:SGY – Get Free Report)’s share price hit a new 52-week high during trading on Monday after Raymond James raised their price target on the stock from C$13.00 to C$14.00. The company traded as high as C$8.82 and last traded at C$8.79, with a volume of 27108 shares traded. The stock had previously closed at C$8.75.
Other analysts have also issued reports about the company. Eight Capital set a C$13.00 price target on Surge Energy and gave the stock a “buy” rating in a report on Wednesday, June 21st. BMO Capital Markets dropped their price target on Surge Energy from C$12.00 to C$9.00 in a report on Thursday, July 13th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$13.00.