Raymond James Financial, Inc. Reiterates C$4.10 Price Target for Trinidad Drilling Ltd. (TDG)
Raymond James Financial, Inc. set a C$4.10 price objective on Trinidad Drilling Ltd. (TSE:TDG) in a report published on Thursday morning. The brokerage currently has an outperform rating on the stock.
Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada cut their price objective on Trinidad Drilling from C$5.00 to C$4.50 and set an outperform rating on the stock in a report on Friday, March 3rd. Scotiabank reiterated a sector perform rating and issued a C$3.25 price objective on shares of Trinidad Drilling in a report on Friday, March 3rd. Canaccord Genuity boosted their price objective on Trinidad Drilling from C$4.00 to C$4.50 in a report on Tuesday, January 10th. TD Securities cut their price objective on Trinidad Drilling from C$4.25 to C$4.00 and set a buy rating on the stock in a report on Friday, February 10th. Finally, National Bank Financial cut their price objective on Trinidad Drilling from C$3.75 to C$3.25 in a report on Thursday, March 2nd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$3.69.
Shares of Trinidad Drilling (TSE:TDG) opened at 2.24 on Thursday. The firm’s market cap is $603.79 million. The firm has a 50-day moving average price of $2.63 and a 200 day moving average price of $2.76. Trinidad Drilling has a one year low of $1.53 and a one year high of $3.77.
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Trinidad Drilling Company Profile
Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with operations in Canada and the United States. The Company operates through five segments, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate.
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