National Bankshares Cuts Pason Systems (TSE:PSI) Price Target to C$19.50

Pason Systems (TSE:PSI) had its price target reduced by equities researchers at National Bankshares from C$20.00 to C$19.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 48.18% from the company’s previous close.

PSI has been the subject of several other research reports. TD Securities decreased their target price on Pason Systems from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. BMO Capital Markets lowered their target price on shares of Pason Systems from C$21.00 to C$18.00 in a research note on Friday, October 4th.

Pason Systems Stock Down 1.7 %

PSI traded down C$0.23 during trading on Thursday, hitting C$13.16. The company had a trading volume of 166,308 shares, compared to its average volume of 145,724. The company has a market cap of C$1.05 billion, a PE ratio of 9.08, a P/E/G ratio of 10.78 and a beta of 1.58. The company has a debt-to-equity ratio of 3.41, a current ratio of 2.62 and a quick ratio of 3.54. Pason Systems has a 1-year low of C$12.33 and a 1-year high of C$18.59. The business has a 50-day moving average of C$14.18 and a 200-day moving average of C$15.21.

Pason Systems Company Profile

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.