Royal Bank Of Canada Cuts Petrus Resources Ltd (PRQ) Price Target to C$2.50

Petrus Resources Ltd (TSE:PRQ) had its price target decreased by Royal Bank Of Canada from C$2.75 to C$2.50 in a report issued on Thursday, reports.

Separately, RBC Capital Markets dropped their price objective on shares of Petrus Resources from C$2.75 to C$2.50 in a research report on Thursday, October 13th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Petrus Resources has an average rating of Buy and a consensus price target of C$3.06.

Shares of Petrus Resources (TSE:PRQ) opened at 1.96 on Thursday. Petrus Resources has a 1-year low of $1.73 and a 1-year high of $4.50. The firm’s market capitalization is $88.88 million. The firm’s 50 day moving average is $1.99 and its 200 day moving average is $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.

Stock Target Prices

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