Canyon Services Group Inc. (FRC) Rating Reiterated by AltaCorp Capital
Canyon Services Group Inc. (TSE:FRC)‘s stock had its “outperform” rating reissued by research analysts at AltaCorp Capital in a research note issued to investors on Tuesday.
A number of other research analysts have also recently commented on the stock. Scotiabank restated an “outperform” rating and issued a C$7.50 price target on shares of Canyon Services Group in a report on Monday, November 7th. CIBC cut their price target on shares of Canyon Services Group from C$8.00 to C$7.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 25th. Canaccord Genuity upped their price target on shares of Canyon Services Group from C$7.00 to C$7.50 in a report on Thursday, October 13th. TD Securities upped their price target on shares of Canyon Services Group from C$6.50 to C$7.50 and gave the stock a “buy” rating in a report on Tuesday, October 25th. Finally, FirstEnergy Capital upped their price target on shares of Canyon Services Group from C$5.00 to C$6.00 and gave the stock a “market perform” rating in a report on Monday, August 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$6.35.
Shares of Canyon Services Group (TSE:FRC) traded up 3.04% on Tuesday, reaching $5.42. 29,291 shares of the company’s stock traded hands. Canyon Services Group has a 12-month low of $2.85 and a 12-month high of $6.07. The company’s market cap is $466.05 million. The stock has a 50-day moving average price of $5.47 and a 200-day moving average price of $5.17.
Canyon Services Group Company Profile
Canyon Services Group Inc provides stimulation and fluid management services to oil and gas exploration and production companies operating in the Western Canadian Sedimentary Basin. The Company’s segments include Pressure Pumping Services and Fluid Management Services. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.
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