Scotiabank Lowers Peyto Exploration & Development Corp (PEY) Price Target to C$26.00

Peyto Exploration & Development Corp (TSE:PEY) had its price target reduced by Scotiabank from C$33.00 to C$26.00 in a research note published on Thursday. Scotiabank currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on PEY. Barclays PLC cut their price target on Peyto Exploration & Development Corp from C$26.00 to C$19.00 in a research note on Monday, October 30th. Royal Bank Of Canada cut their price target on Peyto Exploration & Development Corp from C$40.00 to C$34.00 in a research note on Thursday, July 20th. National Bank Financial lowered their price objective on Peyto Exploration & Development Corp from C$29.00 to C$22.00 and set an outperform rating on the stock in a research report on Friday, October 13th. Finally, BMO Capital Markets cut Peyto Exploration & Development Corp from an outperform rating to a market perform rating and lowered their price objective for the company from C$30.00 to C$23.00 in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of C$28.10.

Shares of Peyto Exploration & Development Corp (TSE PEY) opened at C$19.20 on Thursday. Peyto Exploration & Development Corp has a 52 week low of C$16.71 and a 52 week high of C$35.64.

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In other Peyto Exploration & Development Corp news, Director Stephen Jonathan Chetner sold 10,000 shares of Peyto Exploration & Development Corp stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of C$18.88, for a total value of C$188,800.00. Also, Director Micheal Macbean acquired 13,000 shares of Peyto Exploration & Development Corp stock in a transaction on Wednesday, September 27th. The stock was purchased at an average cost of C$21.80 per share, for a total transaction of C$283,400.00.

About Peyto Exploration & Development Corp

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

Analyst Recommendations for Peyto Exploration & Development Corp (TSE:PEY)

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