Pason Systems (TSE:PSI) had its target price lowered by stock analysts at National Bank Financial from C$22.25 to C$21.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 28.44% from the stock’s current price.
A number of other research analysts have also weighed in on PSI. BMO Capital Markets raised their price objective on Pason Systems from C$7.00 to C$24.00 in a research report on Friday, August 9th. CIBC reduced their price objective on Pason Systems from C$25.00 to C$24.00 in a research report on Thursday, July 18th.
Shares of TSE:PSI traded down C$0.05 during trading on Thursday, hitting C$16.35. The stock had a trading volume of 123,464 shares, compared to its average volume of 140,290. Pason Systems has a 12 month low of C$16.21 and a 12 month high of C$24.57. The company has a debt-to-equity ratio of 4.14, a current ratio of 8.61 and a quick ratio of 8.05. The company has a market cap of $1.42 billion and a P/E ratio of 20.17. The company has a fifty day moving average of C$17.88.
Pason Systems Inc provides instrumentation and data management systems for drilling rigs. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring multiple drilling parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder.
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