Storm Resources Ltd (TSE:SRX) had its price target reduced by investment analysts at National Bank Financial from C$5.75 to C$4.50 in a report released on Friday. The firm currently has an “outperform” rating on the oil and natural gas company’s stock. National Bank Financial’s price target suggests a potential upside of 36.36% from the stock’s current price.
Separately, BMO Capital Markets dropped their price target on Storm Resources to C$4.50 and set a “market perform” rating for the company in a research note on Wednesday, August 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$5.58.
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