Trican Well Service Ltd. (TCW) Price Target Raised to C$4.00
Trican Well Service Ltd. (TSE:TCW) had its target price increased by Canaccord Genuity from C$3.25 to C$4.00 in a research report issued to clients and investors on Thursday. Canaccord Genuity’s target price points to a potential upside of 28.62% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Scotiabank cut shares of Trican Well Service from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday. Raymond James Financial Inc. lowered Trican Well Service from a “strong-buy” rating to a “market perform” rating and raised their price objective for the company from C$3.30 to C$3.60 in a report on Friday, October 7th. Pi Financial lowered Trican Well Service from a “buy” rating to a “neutral” rating in a report on Friday, October 7th. Royal Bank Of Canada restated an “outperform” rating and issued a C$5.00 price objective on shares of Trican Well Service in a report on Tuesday, September 6th. Finally, TD Securities decreased their price objective on Trican Well Service from C$3.00 to C$2.75 and set a “speculative buy” rating on the stock in a report on Monday, August 15th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$2.94.
Trican Well Service (TSE:TCW) traded up 0.32% on Thursday, hitting $3.12. 579,455 shares of the stock were exchanged. Trican Well Service has a 52-week low of $0.34 and a 52-week high of $3.37. The firm’s market cap is $602.28 million. The stock’s 50 day moving average price is $2.46 and its 200 day moving average price is $2.03.
Trican Well Service Company Profile
Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.
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