Trican Well Service Ltd. (TCW) PT Raised to C$4.00
Trican Well Service Ltd. (TSE:TCW) had its price objective raised by equities research analysts at TD Securities from C$3.75 to C$4.00 in a report issued on Friday. The brokerage currently has a “speculative buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 17.99% from the stock’s previous close.
TCW has been the topic of several other reports. Scotiabank restated an “outperform” rating and set a C$3.50 price objective on shares of Trican Well Service in a research note on Monday, August 15th. Royal Bank Of Canada restated an “outperform” rating and set a C$5.00 price objective on shares of Trican Well Service in a research note on Tuesday, September 6th. Pi Financial raised their price objective on Trican Well Service from C$2.20 to C$3.30 in a research note on Monday, October 3rd. Raymond James Financial Inc. cut Trican Well Service from a “strong-buy” rating to a “market perform” rating and raised their price objective for the stock from C$3.30 to C$3.60 in a research note on Friday, October 7th. Finally, Canaccord Genuity raised their price objective on Trican Well Service from C$3.25 to C$4.00 in a research note on Thursday, October 13th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$3.20.
Trican Well Service (TSE:TCW) opened at 3.39 on Friday. The stock’s 50 day moving average is $2.99 and its 200-day moving average is $2.31. Trican Well Service has a 1-year low of $0.34 and a 1-year high of $3.45. The firm’s market capitalization is $654.40 million.
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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