Canaccord Genuity Increases Trican Well Service Ltd. (TCW) Price Target to C$4.25
Trican Well Service Ltd. (TSE:TCW) had its price target upped by equities research analysts at Canaccord Genuity from C$4.00 to C$4.25 in a note issued to investors on Monday. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 21.78% from the company’s current price.
A number of other equities research analysts have also recently issued reports on TCW. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$5.00 price target on shares of Trican Well Service in a report on Monday, October 31st. Pi Financial upped their price target on shares of Trican Well Service from C$2.20 to C$3.30 in a report on Monday, October 3rd. Scotiabank reaffirmed an “outperform” rating and issued a C$3.50 price target on shares of Trican Well Service in a report on Monday, August 15th. TD Securities decreased their price target on shares of 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. Finally, CIBC upped their price target on shares of Trican Well Service from C$2.75 to C$3.25 in a report on Wednesday, October 19th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Trican Well Service currently has a consensus rating of “Hold” and an average price target of C$3.20.
Trican Well Service (TSE:TCW) opened at 3.49 on Monday. The company’s 50-day moving average price is $3.02 and its 200 day moving average price is $2.32. The company’s market capitalization is $673.71 million. Trican Well Service has a 12 month low of $0.34 and a 12 month high of $3.61.
About Trican Well Service
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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