Raymond James Financial Inc. reiterated their market perform rating on shares of Canadian Energy Services & Tech Corp (TSE:CEU) in a report released on Friday. They currently have a C$6.20 price target on the stock.

A number of other brokerages have also issued reports on CEU. FirstEnergy Capital raised their target price on shares of Canadian Energy Services & Tech Corp from C$4.00 to C$4.25 in a report on Monday, August 15th. Eurobank EFG raised their price target on Canadian Energy Services & Tech Corp from C$4.30 to C$5.00 in a research report on Monday, August 15th. RBC Capital Markets raised their price target on Canadian Energy Services & Tech Corp from C$5.50 to C$6.00 and gave the stock an outperform rating in a research report on Tuesday, September 6th. Scotiabank restated an outperform rating and issued a C$6.50 price target on shares of Canadian Energy Services & Tech Corp in a research report on Wednesday, August 3rd. Finally, Royal Bank Of Canada raised their price target on Canadian Energy Services & Tech Corp from C$5.50 to C$6.00 and gave the stock an outperform rating in a research report on Tuesday, September 6th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of C$5.15.

Shares of Canadian Energy Services & Tech Corp (TSE:CEU) traded down 2.66% during midday trading on Friday, hitting $5.49. 1,377,481 shares of the stock were exchanged. The firm’s 50-day moving average is $4.85 and its 200 day moving average is $3.96. Canadian Energy Services & Tech Corp has a 52-week low of $2.85 and a 52-week high of $7.03. The firm’s market cap is $1.43 billion.

In other news, Director Thomas James Simons sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of C$5.75, for a total transaction of C$1,725,000.00. Also, Director Donald Michael Godfre Stewart sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of C$4.88, for a total value of C$48,800.00.

Canadian Energy Services & Tech Corp Company Profile

Canadian Energy Services & Technology Corp. is a Canada-based company, which designs, implements, and manufactures consumable fluids and specialty chemicals for the oil and gas industry. The Company operates in the Western Canadian Sedimentary Basin and in several basins throughout the United States.

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