Peyto Exploration & Development Corp (TSE:PEY) Price Target Raised to C$25.00 at TD Securities

Peyto Exploration & Development Corp (TSE:PEY) had its price target lifted by stock analysts at TD Securities from C$23.00 to C$25.00 in a report issued on Thursday, November 9th. The firm presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 62.13% from the stock’s previous close.

A number of other analysts have also commented on PEY. Royal Bank Of Canada cut their price target on Peyto Exploration & Development Corp from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday, August 11th. Scotiabank cut their price objective on Peyto Exploration & Development Corp from C$33.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Barclays PLC lowered their target price on Peyto Exploration & Development Corp from C$30.00 to C$26.00 in a report on Monday, July 24th. National Bank Financial decreased their price objective on Peyto Exploration & Development Corp from C$29.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday, October 13th. Finally, BMO Capital Markets cut Peyto Exploration & Development Corp from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$30.00 to C$23.00 in a research report on Tuesday, October 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$28.10.

Peyto Exploration & Development Corp (PEY) opened at C$15.42 on Thursday. Peyto Exploration & Development Corp has a 12-month low of C$15.28 and a 12-month high of C$35.64.

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In other Peyto Exploration & Development Corp news, Director Micheal Macbean acquired 13,000 shares of the stock in a transaction dated Wednesday, September 27th. The shares were acquired at an average cost of C$21.80 per share, for a total transaction of C$283,400.00. Also, Director Stephen Jonathan Chetner acquired 6,500 shares of the stock in a transaction dated Thursday, November 16th. The stock was acquired at an average price of C$16.65 per share, for a total transaction of C$108,225.00.

Peyto Exploration & Development Corp Company Profile

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

Analyst Recommendations for Peyto Exploration & Development Corp (TSE:PEY)

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