Shares of Strathcona Resources Ltd. ( TSE:SCR – Get Free Report ) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$43.00.
Several equities analysts recently issued reports on the company. Jefferies Financial Group upgraded Strathcona Resources from a “hold” rating to a “buy” rating and boosted their price target for the company from C$45.00 to C$56.00 in a research report on Thursday, June 4th. National Bank Financial decreased their price objective on Strathcona Resources from C$68.00 to C$66.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th.
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Strathcona Resources Trading Down 6.7%
TSE SCR opened at C$42.85 on Thursday. The company has a debt-to-equity ratio of 43.82, a quick ratio of 11.09 and a current ratio of 0.43. The firm ha...