National Bank Financial Cuts Pason Systems (TSE:PSI) Price Target to C$21.00

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 Company Profile

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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