Canyon Services Group’s (FRC) “Outperform” Rating Reiterated at AltaCorp Capital
Other equities research analysts have also recently issued reports about the company. Scotiabank restated a sector outperform rating on shares of Canyon Services Group in a research note on Tuesday, October 11th. TD Securities restated a buy rating and set a C$6.50 price objective on shares of Canyon Services Group in a research note on Friday, September 9th. Canaccord Genuity upped their price objective on Canyon Services Group from C$7.00 to C$7.50 in a research note on Thursday, October 13th. CIBC decreased their price objective on Canyon Services Group from C$8.00 to C$7.00 and set a sector outperform rating for the company in a research note on Thursday, August 25th. Finally, BMO Capital Markets upped their price objective on Canyon Services Group from C$5.00 to C$5.50 and gave the stock a market perform rating in a research note on Monday, August 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$6.35.
Canyon Services Group (TSE:FRC) traded up 3.23% during midday trading on Tuesday, reaching $5.43. The company had a trading volume of 29,391 shares. The company’s market capitalization is $466.91 million. Canyon Services Group has a 1-year low of $2.85 and a 1-year high of $6.07. The firm has a 50-day moving average of $5.47 and a 200 day moving average 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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