Top25-SA-Banner

BMO Capital Sticks to Its Buy Rating for Pason Systems (PSI)


In a new note to investors on November 7, an analyst has provided a rating update for Pason Systems (PSI). BMO Capital’s analyst Michael Mazar reiterates their Buy rating on the shares, with a C$27 price target.

Mazar has an average return of 14.5% when recommending Pason Systems.

According to TipRanks.com, Mazar is ranked #2125 out of 4912 analysts.

Read also: Direxion Daily Jr Gld Mnrs (JNUG): Gold Stocks Recovering

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pason Systems with a C$24.50 average price target.

The company has a one-year high of C$24.57 and a one-year low of C$16.05. Currently, Pason Systems has an average volume of 94.43K.

Pason Systems, Inc. engages in the design and production of instrumentation and data management systems for drilling rigs. Its products include automatic driller, choke control, electronic drilling recorder, enhanced pit volume totalizer, gas analyzer, hazardous gas alarm system, rig communications, rig display, directional system, drilling guidance system, live rig view (LRV), LRV mobile, tour sheet analytics, WellView field solution, SideKick remote display, abbl Directional Express, and DataHub web-based data management system. It operates through the following geographical segments: Canada, the United States, and International. The company was founded by Ron Mason and Wayne Parks on February 3, 1978 and is headquartered in Calgary, Canada.

The company’s shares closed on Thursday at C$22.59.