Paramount Resources (TSE:POU) had its price target reduced by research analysts at GMP Securities from C$26.00 to C$22.75 in a note issued to investors on Friday, March 9th. GMP Securities’ price objective would indicate a potential upside of 43.53% from the company’s current price.
Several other equities research analysts also recently weighed in on the stock. CIBC reduced their price target on shares of Paramount Resources from C$26.00 to C$23.00 in a research report on Tuesday, January 23rd. BMO Capital Markets upgraded shares of Paramount Resources from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from C$26.00 to C$24.50 in a report on Thursday, January 11th. National Bank Financial dropped their target price on shares of Paramount Resources from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Tuesday, January 9th. Barclays raised their target price on shares of Paramount Resources from C$22.00 to C$26.00 in a report on Monday, November 13th. Finally, CSFB lifted their price target on shares of Paramount Resources from C$23.00 to C$26.50 in a research note on Monday, November 13th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$27.10.