Canyon Services Rating Increased to Outperform at RBC Capital (FRC)
Canyon Services (TSE:FRC) was upgraded by equities researchers at RBC Capital from a “sector perform” rating to an “outperform” rating in a research report issued on Monday, Analyst RN reports. The firm currently has a C$16.00 price objective on the stock, up from their previous price objective of C$13.00. RBC Capital’s price objective suggests a potential upside of 35.02% from the company’s current price.
Canyon Services (TSE:FRC) traded up 1.94% on Monday, hitting $12.08. 221,992 shares of the company’s stock traded hands. Canyon Services has a one year low of $9.60 and a one year high of $12.96. The stock has a 50-day moving average of $11.50 and a 200-day moving average of $11.76. The company has a market cap of $755.3 million and a P/E ratio of 296.25.
The company also recently announced a dividend, which is scheduled for Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of 0.1405 per share. The ex-dividend date is Wednesday, January 8th.
FRC has been the subject of a number of other recent research reports. Analysts at Raymond James upgraded shares of Canyon Services from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, November 20th. Separately, analysts at CIBC cut their price target on shares of Canyon Services from C$12.50 to C$12.25 in a research note to investors on Thursday, November 7th. They now have a “sector perform” rating on the stock. Finally, analysts at TD Securities cut their price target on shares of Canyon Services from C$14.00 to C$13.00 in a research note to investors on Wednesday, November 6th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Canyon Services presently has a consensus rating of “Hold” and a consensus price target of C$13.25.
Canyon Services Group Inc (TSE:FRC) operates in the oilfield services industry.
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