Scotiabank Increases Source Energy Services Ltd (SHLE) Price Target to C$17.50
Source Energy Services Ltd (TSE:SHLE) had its price target hoisted by analysts at Scotiabank from C$17.00 to C$17.50 in a note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 86.57% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity reissued a “buy” rating and set a C$9.00 target price on shares of Source Energy Services in a research report on Wednesday, September 13th. CIBC reissued an “outperform” rating and set a C$13.50 target price on shares of Source Energy Services in a research report on Wednesday. Six equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of C$14.00.
Shares of Source Energy Services (SHLE) opened at C$9.38 on Wednesday. Source Energy Services has a 52-week low of C$5.68 and a 52-week high of C$10.80.
About Source Energy Services
Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand primarily to the Western Canadian Sedimentary Basin. The Northern White frac sand is a preferred proppant used to enhance hydrocarbon recovery in the hydraulic fracturing of oil and natural gas wells. Source Energy Services Ltd.
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