Trican Well Service Ltd. (TSE:TCW) had its target price lifted by analysts at Scotiabank from C$4.50 to C$4.75 in a note issued to investors on Monday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 36.10% from the stock’s previous close.

TCW has been the subject of a number of other research reports. Canaccord Genuity raised their target price on shares of Trican Well Service from C$4.00 to C$4.25 and gave the company a “speculative buy” rating in a research note on Monday. Royal Bank Of Canada reissued an “outperform” rating and set a C$5.00 price target on shares of Trican Well Service in a research report on Monday, October 31st. Pi Financial raised their price target on shares of Trican Well Service from C$2.20 to C$3.30 in a research report on Monday, October 3rd. TD Securities reduced their price target on shares of Trican Well Service from C$3.00 to C$2.75 and set a “speculative buy” rating for the company in a research report on Monday, August 15th. Finally, CIBC raised their price target on shares of Trican Well Service from C$2.75 to C$3.25 in a research report on Wednesday, October 19th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Trican Well Service has a consensus rating of “Hold” and an average price target of C$3.20.

Analyst Recommendations for Trican Well Service (TSE:TCW)

Trican Well Service (TSE:TCW) opened at 3.49 on Monday. The stock has a 50 day moving average price of $3.02 and a 200-day moving average price of $2.32. The stock’s market cap is $673.71 million. Trican Well Service has a 52 week low of $0.34 and a 52 week high of $3.61.

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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