PrairieSky Royalty Ltd (TSE:PSK) had its price objective lifted by stock analysts at National Bank Financial from C$28.00 to C$33.00 in a note issued to investors on Tuesday. National Bank Financial’s target price points to a potential downside of 3.90% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. BMO Capital Markets lifted their price objective on shares of PrairieSky Royalty from C$30.00 to C$35.00 in a research note on Tuesday, October 10th. GMP Securities lifted their price objective on shares of PrairieSky Royalty from C$30.00 to C$31.00 in a research note on Wednesday, July 26th. Royal Bank Of Canada dropped their price objective on shares of PrairieSky Royalty from C$38.00 to C$34.00 in a research note on Thursday, July 20th. TD Securities cut shares of PrairieSky Royalty from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$33.00 to C$32.00 in a research note on Monday, October 2nd. Finally, CIBC lifted their price objective on shares of PrairieSky Royalty from C$35.00 to C$38.00 in a research note on Tuesday, October 17th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$34.90.

PrairieSky Royalty (PSK) traded down 1.32% during mid-day trading on Tuesday, reaching $34.34. 1,031,121 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $31.98 and a 200-day moving average price of $29.91. PrairieSky Royalty has a 12-month low of $27.10 and a 12-month high of $34.81. The stock has a market capitalization of $8.12 billion and a PE ratio of 93.57.

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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. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 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 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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