National Bank Financial Trims Phoscan Chemical (PRQ) Target Price to C$2.00

Phoscan Chemical (TSE:PRQ) had its price objective decreased by National Bank Financial from C$2.25 to C$2.00 in a research note issued to investors on Thursday. National Bank Financial currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on PRQ. Royal Bank of Canada reduced their price target on shares of Phoscan Chemical from C$3.25 to C$2.75 and set an outperform rating for the company in a report on Monday, December 18th. Raymond James Financial raised shares of Phoscan Chemical from a market perform rating to an outperform rating and set a C$2.00 price target for the company in a report on Friday, March 9th. Finally, CIBC reissued a neutral rating and issued a C$1.50 price target on shares of Phoscan Chemical in a report on Wednesday, March 14th.

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TSE:PRQ opened at C$1.15 on Thursday. Phoscan Chemical has a 1 year low of C$1.02 and a 1 year high of C$2.78.

Phoscan Chemical (TSE:PRQ) last issued its quarterly earnings results on Thursday, March 8th. The company reported C($0.07) earnings per share for the quarter. Phoscan Chemical had a negative net margin of 331.44% and a negative return on equity of 146.00%. The company had revenue of C$23.24 million during the quarter, compared to the consensus estimate of C$26.20 million.

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Phoscan Chemical Company Profile

Petrus Resources Ltd. is an oil and gas company. The Company focuses on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has production and growth opportunities in approximately three areas within the province of Alberta, including Ferrier, Central Alberta and the central Rocky Mountain foothills region.

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