Royal Bank of Canada Increases PrairieSky Royalty (OTCMKTS:PREKF) Price Target to C$22.00

PrairieSky Royalty (OTCMKTS:PREKFGet Rating) had its price objective upped by analysts at Royal Bank of Canada from C$21.00 to C$22.00 in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other equities analysts have also recently issued reports on the stock. Scotiabank upped their target price on shares of PrairieSky Royalty from C$19.00 to C$20.00 in a research note on Monday. National Bank Financial upped their price target on shares of PrairieSky Royalty from C$18.50 to C$22.00 in a research report on Friday, February 4th. Finally, Stifel Nicolaus upped their price target on shares of PrairieSky Royalty from C$21.00 to C$23.50 in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $21.00.

PREKF traded up $0.66 during midday trading on Tuesday, hitting $15.20. 16,566 shares of the company traded hands, compared to its average volume of 16,453. The company’s 50-day moving average is $13.71 and its 200 day moving average is $12.42. PrairieSky Royalty has a 52 week low of $8.30 and a 52 week high of $15.45.

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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