CIBC Thinks Pason Systems’ Stock is Going to Recover

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Pason Systems (PSIResearch Report). The company received a Buy today from CIBC’s analyst Daine Biluk, with a C$24 price target.

According to TipRanks.com, Biluk is ranked #1733 out of 5053 analysts.

Pason Systems has an analyst consensus of Strong Buy, with a price target consensus of C$23.33.

The company has a one-year high of C$24.57 and a one-year low of C$17.18. Currently, Pason Systems has an average volume of 134K.

Pason Systems, Inc. engages in the design and production of instrumentation and data management systems for drilling rigs. It operates through the following geographical segments: Canada, the United States, and International.

The company’s shares closed on Thursday at C$17.80, close to its 52-week low of C$17.18.