CIBC Keeps a Hold Rating on Petrus Resources (PRQ)

A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. CIBC’s analyst Scott Reid reiterates their Hold rating on the shares of Petrus Resources (PRQResearch Report), with a C$0.85 price target.

According to TipRanks.com, Reid is ranked #4716 out of 5259 analysts.

Currently, the analyst consensus on Petrus Resources is a Moderate Buy with an average price target of C$1.03.

The company has a one-year high of C$1.61 and a one-year low of C$0.42. Currently, Petrus Resources has an average volume of 57.95K.

Petrus Resources Ltd. operates as an energy company, which engages in exploitation, strategic acquisitions and risk-managed exploration. It operates in the following areas: Ferrier, Central Alberta, and the central Rocky Mountain foothills. The company was founded on December 13, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed on Thursday at C$0.43, close to its 52-week low of C$0.42.

Leave a Reply

Your email address will not be published. Required fields are marked *