GMP Securities Raises Trican Well Service Ltd (TCW) Price Target to C$7.00
Trican Well Service Ltd (TSE:TCW) had its price target raised by GMP Securities from C$5.00 to C$7.00 in a research note issued to investors on Wednesday morning, StockTargetPrices.com reports.
Other equities analysts have also issued research reports about the company. J P Morgan Chase & Co lifted their price target on Trican Well Service from C$5.00 to C$6.00 in a research note on Monday, August 14th. CIBC decreased their price target on Trican Well Service from C$6.75 to C$5.25 in a research note on Thursday, July 20th. Canaccord Genuity decreased their price target on Trican Well Service from C$6.00 to C$4.50 in a research note on Tuesday, July 11th. Pi Financial decreased their price target on Trican Well Service from C$6.25 to C$6.00 in a research note on Thursday, June 8th. Finally, National Bank Financial lifted their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an outperform rating in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$5.88.
Shares of Trican Well Service (TCW) opened at 4.35 on Wednesday. The company’s market cap is $1.51 billion. Trican Well Service has a one year low of $2.24 and a one year high of $5.59. The stock’s 50 day moving average price is $3.58 and its 200 day moving average price is $3.83.
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In other news, insider Etienne Poulin sold 9,867 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of C$4.18, for a total value of C$41,244.06.
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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