PrairieSky Royalty Ltd (PSK) Price Target Raised to C$29.00
PrairieSky Royalty Ltd (TSE:PSK) had its price target boosted by equities research analysts at Royal Bank Of Canada from C$28.00 to C$29.00 in a research report issued on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price would indicate a potential upside of 1.79% from the stock’s previous close.
A number of other research firms also recently weighed in on PSK. Barclays PLC raised their price target on shares of PrairieSky Royalty from C$28.00 to C$29.00 in a report on Tuesday. RBC Capital Markets raised their price target on shares of PrairieSky Royalty from C$28.00 to C$29.00 in a report on Thursday. Raymond James Financial Inc. raised their price target on shares of PrairieSky Royalty from C$28.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday, September 12th. FirstEnergy Capital upgraded shares of PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a report on Thursday, July 28th. Finally, Scotiabank restated an “outperform” rating and set a C$28.00 price target on shares of PrairieSky Royalty in a report on Tuesday, July 26th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$27.83.
PrairieSky Royalty (TSE:PSK) traded down 0.04% during trading on Thursday, reaching $28.49. 405,131 shares of the company’s stock were exchanged. The company has a market capitalization of $6.52 billion and a PE ratio of 320.11. The company’s 50-day moving average is $26.82 and its 200-day moving average is $25.45. PrairieSky Royalty has a 1-year low of $17.15 and a 1-year high of $28.95.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/prairiesky-royalty-ltd-psk-price-target-raised-to-c29-00-2.html
The company also recently declared a monthly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 17th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Wednesday, September 28th.
About PrairieSky Royalty
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.
Receive News & Ratings for PrairieSky Royalty Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PrairieSky Royalty Ltd and related companies with MarketBeat.com's FREE daily email newsletter.