Trade Report: The Painted Pony Petroleum Ltd (PPY) Price Target Increased to C$11.00 by Analysts at RBC Capital Markets

The Painted Pony Petroleum Ltd (PPY) Price Target Increased to C$11.00 by Analysts at RBC Capital Markets

Painted Pony Petroleum Ltd (TSE:PPY) had its price target increased by RBC Capital Markets from C$10.00 to C$11.00 in a research report released on Thursday.

Other analysts have also recently issued reports about the stock. Desjardins increased their target price on shares of Painted Pony Petroleum from C$8.75 to C$9.00 and gave the stock a buy rating in a research note on Thursday, August 11th. TD Securities reiterated an action list buy rating and issued a C$12.50 target price on shares of Painted Pony Petroleum in a research note on Thursday, August 11th. National Bank Financial lowered their target price on shares of Painted Pony Petroleum from C$10.00 to C$9.00 in a research note on Thursday, August 11th. Scotiabank restated an outperform rating and set a C$9.50 price objective on shares of Painted Pony Petroleum in a research report on Thursday, August 11th. Finally, BMO Capital Markets raised their price objective on shares of Painted Pony Petroleum from C$6.25 to C$8.50 in a research report on Thursday, June 30th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of C$9.17.

Shares of Painted Pony Petroleum (TSE:PPY) traded up 1.10% during mid-day trading on Thursday, hitting $9.16. 594,536 shares of the company traded hands. Painted Pony Petroleum has a 1-year low of $2.71 and a 1-year high of $9.27. The stock’s market capitalization is $916.72 million. The firm’s 50 day moving average price is $8.15 and its 200-day moving average price is $7.18.

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