RBC Capital Markets Trims Petrus Resources Ltd (PRQ) Target Price to C$2.50

Petrus Resources Ltd (TSE:PRQ) had its price objective reduced by RBC Capital Markets from C$2.75 to C$2.50 in a research note released on Thursday morning.

Separately, Royal Bank Of Canada assumed coverage on Petrus Resources in a report on Friday, July 8th. They issued a sector perform rating and a C$2.25 target price on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of C$3.06.

Shares of Petrus Resources (TSE:PRQ) opened at 1.96 on Thursday. Petrus Resources has a 52 week low of $1.73 and a 52 week high of $4.50. The company’s market cap is $88.88 million. The company has a 50 day moving average of $1.99 and a 200-day moving average of $2.05.

Petrus Resources Company Profile

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.

Receive News & Ratings for Petrus Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrus Resources Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.