Shares of PrairieSky Royalty Ltd (TSE:PSK) have been given an average rating of “Buy” by the ten brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$35.45.
A number of equities research analysts have recently weighed in on PSK shares. TD Securities lowered PrairieSky Royalty from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$33.00 to C$32.00 in a research report on Monday, October 2nd. Barclays raised their target price on PrairieSky Royalty from C$28.00 to C$32.00 in a research note on Monday, October 30th. Royal Bank Of Canada raised their target price on PrairieSky Royalty from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. National Bank Financial raised their target price on PrairieSky Royalty from C$28.00 to C$33.00 in a research note on Tuesday, October 31st. Finally, BMO Capital Markets upgraded PrairieSky Royalty from a “market perform” rating to an “outperform” rating and set a C$38.00 target price for the company in a research note on Friday, October 27th.
Shares of PrairieSky Royalty (TSE:PSK) traded up C$1.39 during mid-day trading on Thursday, hitting C$33.76. The stock had a trading volume of 739,874 shares, compared to its average volume of 476,458. PrairieSky Royalty has a 12-month low of C$27.10 and a 12-month high of C$35.90.
In other PrairieSky Royalty news, Director James Estey sold 100,000 shares of PrairieSky Royalty stock in a transaction on Friday, November 17th. The stock was sold at an average price of C$32.82, for a total transaction of C$3,282,000.00. Also, Director Sheldon Brooks Steeves sold 7,714 shares of PrairieSky Royalty stock in a transaction on Monday, November 6th. The shares were sold at an average price of C$35.62, for a total value of C$274,772.68.
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About PrairieSky Royalty
PrairieSky Royalty Ltd. engages in crude oil and natural gas businesses in Canada. The company holds royalty interests in properties located in Alberta, Saskatchewan, British Columbia, and Manitoba. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; and 6.7 million acres of GORR Lands.
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