Canyon Services Group Inc. (FRC) Receives “Sector Outperform” Rating from Scotiabank
A number of other research firms also recently issued reports on FRC. TD Securities decreased their price objective on Canyon Services Group from C$7.00 to C$6.50 and set a buy rating for the company in a report on Friday, August 5th. BMO Capital Markets increased their price objective on Canyon Services Group from C$5.00 to C$5.50 and gave the stock a market perform rating in a report on Monday, August 8th. CIBC decreased their price objective on Canyon Services Group from C$8.00 to C$7.00 and set a sector outperform rating for the company in a report on Thursday, August 25th. Finally, FirstEnergy Capital increased their price objective on Canyon Services Group from C$5.00 to C$6.00 and gave the stock a market perform rating in a report on Monday, August 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of C$6.18.
Shares of Canyon Services Group (TSE:FRC) traded up 1.79% on Tuesday, reaching $5.70. The company’s stock had a trading volume of 162,870 shares. Canyon Services Group has a 1-year low of $2.85 and a 1-year high of $5.98. The company’s 50 day moving average is $4.94 and its 200-day moving average is $4.92. The firm’s market cap is $489.54 million.
Canyon Services Group Company Profile
Canyon Services Group Inc provides stimulation and fluid management services to oil and gas exploration and production companies operating in the Western Canadian Sedimentary Basin. The Company’s segments include Pressure Pumping Services and Fluid Management Services. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.
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