Barclays PLC Boosts Peyto Exploration & Development Corp (PEY) Price Target to C$46.00
Peyto Exploration & Development Corp (TSE:PEY) had its price target raised by analysts at Barclays PLC from C$44.00 to C$46.00 in a research note issued to investors on Tuesday. Barclays PLC’s price objective indicates a potential upside of 24.22% from the company’s current price.
A number of other research firms also recently weighed in on PEY. Canaccord Genuity increased their target price on shares of Peyto Exploration & Development Corp from C$40.00 to C$42.00 in a research report on Monday, July 25th. Desjardins restated a “hold” rating and set a C$38.50 price target on shares of Peyto Exploration & Development Corp in a report on Friday, August 12th. Punk Ziegel & Co increased their price target on Peyto Exploration & Development Corp from C$41.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. FirstEnergy Capital increased their price target on Peyto Exploration & Development Corp from C$41.75 to C$43.50 in a report on Thursday, August 11th. Finally, AltaCorp Capital increased their price target on Peyto Exploration & Development Corp from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$39.44.
Shares of Peyto Exploration & Development Corp (TSE:PEY) traded up 1.86% during trading on Tuesday, reaching $37.72. 146,843 shares of the company were exchanged. The company has a market capitalization of $6.21 billion and a PE ratio of 45.89. The firm’s 50 day moving average price is $37.30 and its 200 day moving average price is $34.63. Peyto Exploration & Development Corp has a one year low of $21.55 and a one year high of $39.41.
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In related news, insider Todd Burdick sold 1,000 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of C$37.90, for a total value of C$37,900.00.
About Peyto Exploration & Development Corp
Peyto Exploration & Development Corp. is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.
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