PrairieSky Royalty Ltd (PSK) PT Raised to C$34.00 at TD Securities
PrairieSky Royalty Ltd (TSE:PSK) had its target price increased by equities researchers at TD Securities from C$32.00 to C$34.00 in a report released on Tuesday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential downside of 0.99% from the stock’s previous close.
PSK has been the topic of a number of other research reports. Royal Bank Of Canada lifted their target price on PrairieSky Royalty from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Barclays PLC lifted their target price on PrairieSky Royalty from C$28.00 to C$32.00 in a research report on Monday. National Bank Financial lifted their target price on PrairieSky Royalty from C$28.00 to C$33.00 in a research report on Tuesday. BMO Capital Markets upgraded PrairieSky Royalty from a “market perform” rating to an “outperform” rating and set a C$38.00 target price on the stock in a research report on Friday, October 27th. Finally, CIBC lifted their target price on PrairieSky Royalty from C$35.00 to C$38.00 in a research report on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$35.45.
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About PrairieSky Royalty
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.
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