PrairieSky Royalty (OTCMKTS:PREKF) Price Target Raised to C$20.00

PrairieSky Royalty (OTCMKTS:PREKFGet Rating) had its price target lifted by analysts at Scotiabank from C$19.00 to C$20.00 in a report released on Monday, The Fly reports.

PREKF has been the subject of a number of other research reports. National Bank Financial raised their target price on shares of PrairieSky Royalty from C$18.50 to C$22.00 in a research report on Friday, February 4th. Royal Bank of Canada raised their target price on shares of PrairieSky Royalty from C$20.00 to C$21.00 in a research report on Wednesday, March 23rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $19.88.

PrairieSky Royalty stock traded up $0.11 during mid-day trading on Monday, reaching $14.54. The company’s stock had a trading volume of 2,900 shares, compared to its average volume of 16,451. PrairieSky Royalty has a 12 month low of $8.30 and a 12 month high of $14.59. The business’s 50 day simple moving average is $13.67 and its 200 day simple moving average is $12.39.

About PrairieSky Royalty (Get Rating)

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage.

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