RBC Capital Markets Cuts Petrus Resources Ltd (PRQ) Price Target to C$2.50
Petrus Resources Ltd (TSE:PRQ) had its price target cut by equities research analysts at RBC Capital Markets from C$2.75 to C$2.50 in a report issued on Thursday. RBC Capital Markets’ target price points to a potential upside of 19.05% from the company’s previous close.
Separately, Royal Bank Of Canada assumed coverage on Petrus Resources in a research note on Friday, July 8th. They set a “sector perform” rating and a C$2.25 target price for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Petrus Resources has an average rating of “Buy” and an average price target of C$3.00.
Petrus Resources (TSE:PRQ) traded down 3.33% during mid-day trading on Thursday, reaching $2.03. 62,500 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $2.00 and a 200-day moving average of $2.07. The firm’s market cap is $92.06 million. Petrus Resources has a 12 month low of $1.73 and a 12 month high of $4.50.
About Petrus Resources
Petrus Resources Ltd., formerly PhosCan Chemical Corp., is a Canada-based oil and gas company focused on property exploitation and strategic acquisitions in Alberta. The Company, through Fox River Resources Corp., is engaged in the exploration and evaluation of the Martison Phosphate Project. The Company focuses on production in approximately four areas within the province of Alberta, which includes Ferrier, Central Alberta, the central Rocky Mountain foothills region and the Peace River area.
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