Pason Systems (TSE:PSI) had its price target upped by GMP Securities from C$22.00 to C$24.50 in a research note published on Friday.

PSI has been the topic of a number of other reports. National Bank Financial lowered shares of Pason Systems from an outperform rating to a sector perform rating and set a C$22.00 price objective on the stock. in a research note on Thursday, July 5th. CIBC lifted their price objective on shares of Pason Systems from C$18.00 to C$19.00 in a research note on Friday, May 4th. Finally, Industrial Alliance Securities lifted their price objective on shares of Pason Systems from C$19.00 to C$20.50 in a research note on Thursday, August 9th.

TSE PSI opened at C$21.31 on Friday. Pason Systems has a one year low of C$16.05 and a one year high of C$22.10.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.38%. This is a positive change from Pason Systems’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, September 13th.

In other news, insider Kevin Boston sold 6,000 shares of the business’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of C$20.95, for a total transaction of C$125,700.00. Also, insider Melinda Ando sold 6,100 shares of the business’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of C$21.66, for a total transaction of C$132,126.00.

About Pason Systems

Pason Systems Inc provides instrumentation data management systems for drilling rigs worldwide. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring multiple drilling parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder.

Further Reading: Understanding Analyst Recommendations

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