Scotiabank Increases Spartan Delta (TSE:SDE) Price Target to C$8.00

Key Points

• Scotiabank raised its price target for Spartan Delta from C$7.50 to C$8.00, indicating a potential upside of 40.60% from the current stock price.
• Desjardins downgraded Spartan Delta from a "buy" to a "hold" rating, setting a lower price target of C$5.75.
• Despite mixed ratings, the consensus rating for Spartan Delta remains a "Buy", with an average target price noted at C$5.83.

Spartan Delta (TSE:SDE - Get Free Report) had its price target increased by equities research analysts at Scotiabank from C$7.50 to C$8.00 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank's price objective indicates a potential upside of 40.60% from the company's current price.

Separately, Desjardins cut Spartan Delta from a "buy" rating to a "hold" rating and set a C$5.75 price objective for the company. in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$5.83.

Spartan Delta Stock Performance

TSE:SDE traded down C$0.09 during trading hours on Thursday, reaching C$5.69. The company had a trading volume of 317,009 shares, compared to its average volume of 370,735. Spartan Delta has a 1-year low of C$2.39 and a 1-year high of C$5.84. The firm has a market cap of C$1.14 billion, a PE ratio of 29.95 and a beta of 0.50. The business's 50 day moving average price is C$5.07 and its 200-day moving average price is C$3.99. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66.

Spartan Delta Company Profile

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.

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