Canadian Energy Services & Tech Corp (TSE:CEU) had its price objective raised by Canaccord Genuity from C$5.50 to C$6.25 in a research note released on Thursday morning. Canaccord Genuity currently has a buy rating on the stock.

A number of other research firms have also issued reports on CEU. FirstEnergy Capital upped their price target on Canadian Energy Services & Tech Corp from C$4.00 to C$4.25 in a research report on Monday, August 15th. Eurobank EFG upped 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 upped their price target on Canadian Energy Services & Tech Corp from C$5.50 to C$6.00 and gave the company 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, Raymond James Financial Inc. restated a market perform rating and issued a C$6.20 price target on shares of Canadian Energy Services & Tech Corp in a research report on Friday, October 7th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$5.42.

Analyst Recommendations for Canadian Energy Services & Tech Corp (TSE:CEU)

Shares of Canadian Energy Services & Tech Corp (TSE:CEU) traded up 0.276% on Thursday, hitting $5.445. The stock had a trading volume of 34,615 shares. The firm’s market cap is $1.42 billion. Canadian Energy Services & Tech Corp has a 12-month low of $2.85 and a 12-month high of $6.55. The stock has a 50 day moving average of $4.93 and a 200 day moving average of $4.00.

In other Canadian Energy Services & Tech Corp news, Director Thomas James Simons sold 300,000 shares of the company’s stock in a transaction 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 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.

About Canadian Energy Services & Tech Corp

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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