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

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

Several other brokerages have also recently commented on PEYUF. Raymond James boosted their target price on Peyto Exploration & Development from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a report on Wednesday, November 10th. boosted their target price 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 upped their price target on Peyto Exploration & Development from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Wednesday, November 10th. BMO Capital Markets upped their price target on Peyto Exploration & Development from C$11.00 to C$13.00 and gave the company a “market perform” rating in a report on Wednesday, November 10th. Finally, National Bank Financial dropped their price target on Peyto Exploration & Development from C$15.00 to C$14.00 in a report on Friday, January 7th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $12.36.

Shares of OTCMKTS:PEYUF opened at $8.42 on Thursday. Peyto Exploration & Development has a 12 month low of $2.77 and a 12 month high of $9.48. The stock’s 50 day moving average price is $8.01 and its 200 day moving average price is $7.03.

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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