Royal Bank of Canada Boosts Pason Systems (OTCMKTS:PSYTF) Price Target to $13.00

Pason Systems (OTCMKTS:PSYTF) had its price target lifted by stock analysts at Royal Bank of Canada from $12.00 to $13.00 in a research note issued on Monday, The Fly reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 68.61% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets raised their price objective on Pason Systems from $9.00 to $10.00 and gave the stock a “market perform” rating in a research report on Friday, February 26th. National Bank Financial reiterated an “outperform” rating on shares of Pason Systems in a report on Monday, March 1st. Finally, Stifel Nicolaus lifted their target price on Pason Systems from $8.75 to $9.75 and gave the stock a “hold” rating in a report on Friday, February 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.92.

Shares of PSYTF opened at $7.71 on Monday. Pason Systems has a 1 year low of $3.65 and a 1 year high of $8.32. The business has a 50-day moving average of $7.36 and a 200-day moving average of $6.43.

Pason Systems Company Profile

Pason Systems Inc, an energy services and technology company, provides instrumentation and data management systems for drilling rigs in North America and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for storing data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and Daily and end-of-well KPI reports provide visual statistics on rig performance.

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Analyst Recommendations for Pason Systems (OTCMKTS:PSYTF)

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