National Bank Financial Cuts Pason Systems (TSE:PSI) Price Target to C$22.25

Pason Systems (TSE:PSI) had its price objective reduced by National Bank Financial from C$23.50 to C$22.25 in a report issued on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, CIBC cut their price target on Pason Systems from C$25.00 to C$24.00 in a research note on Thursday, July 18th.

PSI stock traded down C$0.57 during mid-day trading on Friday, reaching C$16.67. 511,100 shares of the company traded hands, compared to its average volume of 139,036. The firm has a market cap of $1.48 billion and a PE ratio of 20.58. The company has a current ratio of 8.61, a quick ratio of 8.05 and a debt-to-equity ratio of 4.14. Pason Systems has a fifty-two week low of C$16.30 and a fifty-two week high of C$24.57. The company has a 50 day simple moving average of C$18.10.

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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