B. Riley Reiterates “$29.00” Price Target for Sprague Resources (SRLP)
B. Riley set a $29.00 price objective on Sprague Resources (NYSE:SRLP) in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage currently has a buy rating on the oil and gas company’s stock.
A number of other analysts have also commented on SRLP. Zacks Investment Research lowered Sprague Resources from a hold rating to a sell rating in a report on Wednesday, August 23rd. BidaskClub raised Sprague Resources from a sell rating to a hold rating in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Sprague Resources presently has an average rating of Hold and a consensus price target of $31.67.
Shares of Sprague Resources (NYSE:SRLP) opened at $24.00 on Monday. The company has a market capitalization of $541.27, a price-to-earnings ratio of 13.41 and a beta of 1.33. Sprague Resources has a fifty-two week low of $22.95 and a fifty-two week high of $30.75. The company has a quick ratio of 1.16, a current ratio of 2.35 and a debt-to-equity ratio of 0.26.
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Sprague Resources Company Profile
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