Royal Bank Of Canada Boosts Petrus Resources Ltd (PRQ) Price Target to C$3.50
Petrus Resources Ltd (TSE:PRQ) had its price target lifted by investment analysts at Royal Bank Of Canada from C$3.25 to C$3.50 in a report issued on Thursday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 29.63% from the stock’s previous close.
Separately, National Bank Financial initiated coverage on shares of Petrus Resources in a report on Wednesday, June 14th. They issued an “outperform” rating and a C$3.00 target price on the stock.
Shares of Petrus Resources (TSE PRQ) remained flat at $2.70 during trading on Thursday. 38,300 shares of the stock were exchanged. Petrus Resources has a 1-year low of $1.75 and a 1-year high of $3.43. The stock’s 50-day moving average is $2.57 and its 200 day moving average is $2.57. The stock’s market cap is $133.45 million.
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In other Petrus Resources news, Director Don Gray bought 188,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of C$2.24 per share, with a total value of C$421,120.00. Insiders acquired 741,600 shares of company stock worth $1,717,884 in the last three months.
About Petrus Resources
Petrus Resources Ltd. is an oil and gas company. The Company focuses on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has production and growth opportunities in approximately three areas within the province of Alberta, including Ferrier, Central Alberta and the central Rocky Mountain foothills region.
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