Canadian Energy Services & Technlgy Corp (TSE:CEU) had its target price hoisted by analysts at Canaccord Genuity from C$6.25 to C$8.00 in a report released on Friday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 25.20% from the stock’s previous close.

Several other brokerages have also recently commented on CEU. Raymond James Financial Inc. reiterated a “market perform” rating and set a C$6.20 target price on shares of Canadian Energy Services & Technlgy Corp in a research report on Friday, October 7th. RBC Capital Markets upped their target price on shares of Canadian Energy Services & Technlgy Corp from C$6.00 to C$7.00 in a research report on Thursday, October 13th. Royal Bank Of Canada upped their target price on shares of Canadian Energy Services & Technlgy Corp from C$6.00 to C$7.00 in a research report on Thursday, October 13th. Eurobank EFG upped their target price on shares of Canadian Energy Services & Technlgy Corp from C$4.30 to C$5.00 in a research report on Monday, August 15th. Finally, FirstEnergy Capital upped their target price on shares of Canadian Energy Services & Technlgy Corp from C$4.00 to C$4.25 in a research report on Monday, August 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$5.95.

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

Shares of Canadian Energy Services & Technlgy Corp (TSE:CEU) opened at 6.39 on Friday. The firm’s market cap is $1.67 billion. The company’s 50-day moving average price is $5.40 and its 200-day moving average price is $4.35. Canadian Energy Services & Technlgy Corp has a 52-week low of $2.85 and a 52-week high of $6.75.

In related news, Director Thomas James Simons sold 300,000 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of C$5.75, for a total value 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 transaction of C$48,800.00.

About Canadian Energy Services & Technlgy Corp

Canadian Energy Services and 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.

Receive News & Stock Ratings for Canadian Energy Services & Technlgy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Energy Services & Technlgy Corp and related stocks with our FREE daily email newsletter.