Trinidad Drilling (TDG) Price Target Raised to C$2.35
Trinidad Drilling (TSE:TDG) had its price objective lifted by Raymond James Financial from C$2.20 to C$2.35 in a research note released on Monday morning. The brokerage currently has an outperform rating on the stock.
A number of other analysts have also recently commented on the stock. National Bank Financial cut shares of Trinidad Drilling from an outperform market weight rating to a sector perform overweight rating in a research report on Thursday, November 9th. Scotiabank cut shares of Trinidad Drilling from an outperform rating to a sector perform rating and cut their price target for the company from C$3.25 to C$2.50 in a research report on Friday, November 10th. TD Securities cut shares of Trinidad Drilling from a buy rating to a hold rating and cut their price objective for the stock from C$2.25 to C$2.00 in a research report on Thursday, November 9th. CIBC cut their price objective on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. Finally, Royal Bank of Canada cut their price objective on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an outperform rating on the stock in a research report on Friday, October 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of C$2.40.
Shares of Trinidad Drilling (TDG) opened at C$1.65 on Monday. Trinidad Drilling has a 1 year low of C$1.43 and a 1 year high of C$3.56.
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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