Trican Well Services Stock Rating Lowered by Raymond James (TCW)
Trican Well Services (TSE:TCW) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a C$16.50 price target on the stock, down from their previous price target of C$18.00. Raymond James’ target price suggests a potential upside of 15.06% from the stock’s previous close.
Shares of Trican Well Services (TSE:TCW) traded down 2.23% on Wednesday, hitting $14.02. 248,034 shares of the company’s stock traded hands. Trican Well Services has a 52 week low of $10.95 and a 52 week high of $16.23. The stock’s 50-day moving average is $14.77 and its 200-day moving average is $14.3. The company’s market cap is $2.088 billion.
A number of other analysts have also recently weighed in on TCW. Analysts at Barclays Capital initiated coverage on shares of Trican Well Services (TSE:TCW) in a research note to investors on Monday, September 9th. They set an “overweight” rating and a C$21.00 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Trican Well Services (TSE:TCW) from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, August 1st. They now have a C$20.00 price target on the stock, up previously from C$15.00. Finally, analysts at Pi Financial cut their price target on shares of Trican Well Services (TSE:TCW) from C$17.25 to C$16.25 in a research note to investors on Thursday, August 1st.
Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$16.95.
Trican Well Service Ltd. (TSE:TCW) is an oilfield services company providing an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells.
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