Canyon Services Plans Quarterly Dividend of $0.15 (FRC)
Canyon Services (TSE:FRC) announced a quarterly dividend on Thursday, September 26th, Stock Ratings Network.com reports. Stockholders of record on Friday, October 11th will be paid a dividend of $0.15 per share on Friday, October 25th. This represents a $0.60 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Wednesday, October 9th.
A number of research firms have recently commented on FRC. Analysts at Raymond James downgraded shares of Canyon Services (TSE:FRC) from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. They now have a C$13.25 price target on the stock, down previously from C$14.00. On a related note, analysts at RBC Capital raised their price target on shares of Canyon Services (TSE:FRC) from C$12.00 to C$13.00 in a research note to investors on Monday, August 12th. They now have a “sector perform” rating on the stock. Finally, analysts at TD Securities downgraded shares of Canyon Services (TSE:FRC) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 9th. They now have a C$14.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$13.35.
Canyon Services (TSE:FRC) opened at 11.66 on Thursday. Canyon Services has a 1-year low of $9.325 and a 1-year high of $12.96. The stock has a 50-day moving average of $12.14 and a 200-day moving average of $11.30. The company has a market cap of $728.2 million and a price-to-earnings ratio of 44.96.
Canyon Services Group Inc (TSE:FRC) operates in the oilfield services industry.
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