Peyto Exploration & Development Corp Price Target Raised to C$38.00 at RBC Capital (PEY)
Analysts at RBC Capital increased their target price on shares of Peyto Exploration & Development Corp (TSE:PEY) from C$36.00 to C$38.00 in a research report issued to clients and investors on Thursday, StockRatingsNetwork reports. RBC Capital’s price target indicates a potential upside of 14.08% from the company’s current price.
PEY has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Peyto Exploration & Development Corp from C$37.00 to C$38.00 in a research note on Thursday, February 6th. Separately, analysts at CIBC reiterated an “outperform” rating on shares of Peyto Exploration & Development Corp in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$34.75.
Shares of Peyto Exploration & Development Corp (TSE:PEY) opened at 33.60 on Thursday. Peyto Exploration & Development Corp has a 52 week low of $23.45 and a 52 week high of $34.66. The stock’s 50-day moving average is $28.64 and its 200-day moving average is $28.8. The company has a price-to-earnings ratio of 38.05.
The company also recently announced a dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.0731 per share. The ex-dividend date is Wednesday, January 29th.
Peyto Exploration and Development Corp, formerly Peyto Exploration & Development Corp. is a Canada-based energy company.
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