Scotiabank Increases Peyto Exploration & Development (OTCMKTS:PEYUF) Price Target to C$18.00

Peyto Exploration & Development (OTCMKTS:PEYUF) had its target price raised by stock analysts at Scotiabank from C$17.00 to C$18.00 in a note issued to investors on Thursday, The Fly reports.

A number of other equities research analysts have also recently commented on PEYUF. Industrial Alliance Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$11.50 target price on the stock. in a report on Tuesday, September 28th. raised their price objective on Peyto Exploration & Development from C$12.50 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, November 10th. Royal Bank of Canada increased their target price on Peyto Exploration & Development from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 10th. CIBC increased their target price on Peyto Exploration & Development from C$11.00 to C$13.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 10th. Finally, National Bank Financial cut their target price on Peyto Exploration & Development from C$15.00 to C$14.00 in a research report on Friday, January 7th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $12.36.

PEYUF opened at $8.42 on Thursday. The business has a 50 day moving average price of $8.01 and a two-hundred day moving average price of $7.03. Peyto Exploration & Development has a 52 week low of $2.77 and a 52 week high of $9.48.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas. Its operations include deep basin, field activity, marketing, and reserves. The company was founded by Richard F. Braund and Donald T. Gray in 1998 and is headquartered in Calgary, Canada.

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