The Barclays PLC Increases Paramount Resources, Ltd. (POU) Price Target to C$17.00

The Barclays PLC Increases Paramount Resources, Ltd. (POU) Price Target to C$17.00

Paramount Resources, Ltd. (TSE:POU) had its target price increased by equities researchers at Barclays PLC from C$16.00 to C$17.00 in a research note issued to investors on Tuesday. Barclays PLC’s price target suggests a potential upside of 2.16% from the stock’s current price.

Several other analysts have also recently weighed in on the company. TD Securities dropped their price target on Paramount Resources from C$16.00 to C$15.50 and set a “hold” rating for the company in a report on Tuesday, September 27th. RBC Capital Markets lifted their price target on Paramount Resources from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Monday, September 26th. Raymond James Financial Inc. lifted their price target on Paramount Resources from C$19.50 to C$20.50 and gave the stock an “outperform” rating in a report on Monday, September 26th. Scotiabank lifted their price target on Paramount Resources from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Monday, September 26th. Finally, Royal Bank Of Canada lifted their price target on Paramount Resources from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Monday, September 26th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$14.43.

Paramount Resources (TSE:POU) opened at 16.64 on Tuesday. The company’s market cap is $1.77 billion. Paramount Resources has a 12-month low of $2.86 and a 12-month high of $17.36. The company has a 50-day moving average price of $14.74 and a 200 day moving average price of $10.93.

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