The Brokerages Set PrairieSky Royalty Ltd (PSK) Price Target at $28.50

The Brokerages Set PrairieSky Royalty Ltd (PSK) Price Target at $28.50

PrairieSky Royalty Ltd (TSE:PSK) has been given a consensus rating of “Buy” by the thirteen analysts that are covering the stock. Three investment analysts have rated the stock with a hold recommendation and five 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$28.63.

PSK has been the topic of several recent research reports. BMO Capital Markets upped their price objective on shares of PrairieSky Royalty from C$25.50 to C$27.00 in a report on Thursday, June 30th. Barclays PLC upped their price objective on shares of PrairieSky Royalty from C$28.00 to C$29.00 in a report on Tuesday. TD Securities reaffirmed a “buy” rating and issued a C$31.00 price objective on shares of PrairieSky Royalty in a report on Tuesday, July 26th. Raymond James Financial Inc. upped their price objective on shares of PrairieSky Royalty from C$28.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday, September 12th. Finally, FirstEnergy Capital raised shares of PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a report on Thursday, July 28th.

Shares of PrairieSky Royalty (TSE:PSK) opened at 28.50 on Monday. The stock’s 50 day moving average is $26.82 and its 200-day moving average is $25.45. PrairieSky Royalty has a one year low of $17.15 and a one year high of $28.95. The stock has a market cap of $6.52 billion and a P/E ratio of 320.22.

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