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Peyto Exploration & Development Corp (TSE:PEY) has received an average recommendation of “Buy” from the sixteen analysts that are covering the stock, American Banking News reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$44.08.

Peyto Exploration & Development Corp (TSE:PEY) opened at 38.53 on Wednesday. Peyto Exploration & Development Corp has a 52 week low of $27.83 and a 52 week high of $41.95. The stock has a 50-day moving average of $36.96 and a 200-day moving average of $37.6. The company has a market cap of $5.922 billion and a P/E ratio of 29.84.

A number of research firms have recently commented on PEY. Analysts at First Analysis cut their price target on shares of Peyto Exploration & Development Corp from C$52.50 to C$47.50 in a research note on Thursday, August 14th. Separately, analysts at FirstEnergy Capital cut their price target on shares of Peyto Exploration & Development Corp from C$52.50 to C$47.50 in a research note on Thursday, August 14th. Finally, analysts at CIBC raised their price target on shares of Peyto Exploration & Development Corp from C$46.50 to C$48.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock.

Peyto Exploration and Development Corp, formerly Peyto Exploration & Development Corp. is a Canada-based energy company.

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