Petrus Resources Ltd (TSE:PRQ) had its target price cut by Royal Bank Of Canada from C$2.75 to C$2.50 in a research report issued to clients and investors on Thursday, reports. Royal Bank Of Canada’s target price suggests a potential upside of 23.76% from the stock’s current price.

Separately, RBC Capital Markets dropped their price objective on Petrus Resources from C$2.75 to C$2.50 in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$3.06.

Shares of Petrus Resources (TSE:PRQ) traded down 3.81% during midday trading on Thursday, hitting $2.02. 66,200 shares of the company traded hands. Petrus Resources has a 12-month low of $1.73 and a 12-month high of $4.50. The stock’s 50-day moving average is $2.00 and its 200 day moving average is $2.07. The stock’s market capitalization is $91.60 million.

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About Petrus Resources

Petrus Resources Ltd., formerly PhosCan Chemical Corp., is a Canada-based oil and gas company focused on property exploitation and strategic acquisitions in Alberta. The Company, through Fox River Resources Corp., is engaged in the exploration and evaluation of the Martison Phosphate Project. The Company focuses on production in approximately four areas within the province of Alberta, which includes Ferrier, Central Alberta, the central Rocky Mountain foothills region and the Peace River area.

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