Raymond James Financial Upgrades Suncast Solar Energy (OTCMKTS:SUNC) to "Strong-Buy"
Suncast Solar Energy (OTCMKTS:SUNC — Get Free Report) was upgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a report issued on Monday. The firm presently has a $70.00 target price on the stock. Raymond James Financial’s price target points to a potential upside of 42.80% from the stock’s previous close.
A number of other equities research analysts have also commented on SUNC. Barclays reaffirmed an “overweight” rating and issued a $57.00 price objective on shares of Suncast Solar Energy in a research report on Monday, November 17th. Zacks Research upgraded Suncast Solar Energy to a “hold” rating in a research note on Monday, December 8th. Finally, Citigroup started coverage on Suncast Solar Energy in a research report on Tuesday, November 11th. They set a “buy” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Suncast Solar Energy currently has an average rating of “Buy” and an average target price of $64.00.
View Our Latest Research Report on Suncast Solar Energy
Suncast Solar Energy Stock Performance
Suncast Solar Energy stock opened at $49.02 on Monday. The firm has a fifty day simple moving average of $42.27. Suncast Solar Energy has a 1-year low of $47.00 and a 1-year high of $53.79.
Insider Buying and Selling at Suncast Solar Energy
In other news, Director Michael Jennings acquired 1,000 shares of Suncast Solar Energy stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average price of $52.00 per share, with a total value of $52,000.00. Following the completion of the purchase, the director owned 8,590 shares in the company, valued at approximately $446,680. The trade was a 13.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 5.90% of the stock is currently owned by corporate insiders.
About Suncast Solar Energy
Suncast Solar Energy, Inc, through its subsidiary, Environmental Testing Laboratories, Inc, provides environmental testing services in the northeast United States. The company’s services include resource conservation recovery act and hazardous waste characterization, toxic characteristic leaching procedure analyses, underground storage tank analytical assessment, landfill/ground water monitoring, and pesticide and herbicide testing in soil and groundwater services. Its services also comprise national pollution discharge elimination system effluent characteristics analysis, PCB (polychlorinated biphenyls) and PCB congener analysis, HUD lead abatement testing, fingerprint categorization, petroleum analyses, client specific deliverables, and electronic data deliverables.
Further Reading
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