What the heck is with Canaccord Genuity's target of $4.75 - $5.00 ?? Seems pretty out of whack. What are their motivations/biases/conflicts of interest? It would seem to me that the CIBC target is a bit more realistic, and given the 5% yeild while you wait, this is all good. Big fan of this play....
As of October 3 we initiate coverage of Sprott Power with a SO rating and
$1.35 price target. In our view , Sprott represents solid value as a growing
developer in the clean power sector, one that offers many of the large
development benefits in a slightly smaller (but growing) package.
National Bank reiterated an “outperform” rating on shares of Sprott Power in a research note to investors on Thursday, August 30th.
Sprott Power traded up 2.04% on Wednesday, hitting $1.00. Sprott Power has a 1-year low of $0.56 and a 1-year high of $1.07.
Analysts at Canaccord Genuity increased their price target on shares of Sprott Power (TSE: SPZ) from $4.75 to $5.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “hold” rating on the stock.