TipRanksStock Market NewsSSSS NewsBTIG Thinks SuRo Capital’s Stock is Going to Recover

BTIG Thinks SuRo Capital’s Stock is Going to Recover

In a report released yesterday, Mark Palmer from BTIG reiterated a Buy rating on SuRo Capital (SSSSResearch Report), with a price target of $20.00. The company’s shares closed last Monday at $11.60, close to its 52-week low of $11.04.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 12.5% and a 52.4% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Mogo Finance Technology, and Galaxy Digital Holdings.

SuRo Capital has an analyst consensus of Strong Buy, with a price target consensus of $17.67, a 53.9% upside from current levels. In a report issued on January 14, Barrington also reiterated a Buy rating on the stock with a $15.00 price target.

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SuRo Capital’s market cap is currently $361M and has a P/E ratio of 1.30.

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Sutter Rock Capital Corp is a non-diversified closed-ended fund company. The fund invests in public and private companies located in the US and Non-US. It targets companies operating in the fields of social media, mobile computing and apps, cloud computing, software services, green technology, and education technology. It makes minority investments and provides financing for later-stage capital requirements.

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