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Spartan Delta (TSE:SDE) Price Target Raised to C$9.00 at CIBC

Spartan Delta logo with Energy background

Key Points

  • CIBC raised its price target for Spartan Delta from C$6.25 to C$9.00, indicating a potential upside of 65.44% from its previous close.
  • Other analysts have issued mixed ratings, with Desjardins lowering its rating to "hold" with a target of C$5.75, while Scotiabank raised its target to C$8.00.
  • Spartan Delta's stock currently has a consensus rating of "Buy" with a price target average of C$6.50, reflecting overall positive sentiment among analysts.
  • MarketBeat previews the top five stocks to own by November 1st.

Spartan Delta (TSE:SDE - Get Free Report) had its price target hoisted by research analysts at CIBC from C$6.25 to C$9.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC's price target points to a potential upside of 65.44% from the company's previous close.

Other analysts have also issued reports about the stock. Desjardins lowered shares of Spartan Delta from a "buy" rating to a "hold" rating and set a C$5.75 price target for the company. in a research report on Tuesday, August 26th. Scotiabank increased their price target on shares of Spartan Delta from C$7.50 to C$8.00 in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$6.50.

Check Out Our Latest Stock Analysis on Spartan Delta

Spartan Delta Price Performance

Shares of Spartan Delta stock traded up C$0.08 during trading on Wednesday, hitting C$5.44. The stock had a trading volume of 421,795 shares, compared to its average volume of 373,817. The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 28.63 and a beta of 0.50. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. Spartan Delta has a 12 month low of C$2.39 and a 12 month high of C$5.84. The business's 50-day moving average is C$5.14 and its 200 day moving average is C$4.05.

About Spartan Delta

(Get Free Report)

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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Analyst Recommendations for Spartan Delta (TSE:SDE)

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