The Materials sector company, Peyto Exploration & Dev (TSX: PEY), has received a rating update from a Wall Street analyst yesterday. Analyst Thomas Matthews from AltaCorp Captial reiterated a Buy rating, with a C$13.50 price target.
According to TipRanks.com, Matthews is ranked #531 out of 4850 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Peyto Exploration & Dev with a C$14.17 average price target, representing a 35.2% upside. In a report issued on August 8, Canaccord Genuity also maintained a Buy rating on the stock with a C$18 price target.
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The company has a one-year high of C$22.78 and a one-year low of C$9.83. Currently, Peyto Exploration & Dev has an average volume of 778K.
Peyto Exploration & Development Corp. operates as an energy company. It engages in the acquisition, exploration, development, and production of oil and natural gas. Its portfolio includes exploration, exploitation and development opportunities located in the Deep Basin of Alberta.
The company’s shares closed on Thursday at C$10.48, close to its 52-week low of C$9.83.
