CanElson Drilling Coverage Initiated at Canaccord Genuity (CDI)
Analysts at Canaccord Genuity initiated coverage on shares of CanElson Drilling (CVE:CDI) in a research report issued to clients and investors on Tuesday, Analyst Ratings Net reports. The firm set a “buy” rating and a C$7.75 price target on the stock.
Shares of CanElson Drilling (CVE:CDI) traded down 0.31% on Tuesday, hitting $6.41. The stock had a trading volume of 48,860 shares. CanElson Drilling has a 52-week low of $4.31 and a 52-week high of $6.75. The stock has a 50-day moving average of $6.32 and a 200-day moving average of $6.13. The company has a price-to-earnings ratio of 12.61.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank raised their price target on shares of CanElson Drilling from C$7.75 to C$8.00 in a research note to investors on Monday, December 9th. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial reiterated an “outperform” rating on shares of CanElson Drilling in a research note to investors on Friday, October 11th. They now have a C$8.00 price target on the stock. Six research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of C$7.71.
CanElson Drilling Inc (CVE:CDI) is engaged in the manufacture, acquisition, operation and sale of drilling rigs for the oil and gas industry.
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