Canyon Services Coverage Initiated by Analysts at Canaccord Genuity (FRC)
Analysts at Canaccord Genuity assumed coverage on shares of Canyon Services (TSE:FRC) in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports. The firm set a “hold” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital upgraded shares of Canyon Services from a “sector perform” rating to an “outperform” rating in a research note to investors on Monday. They now have a C$16.00 price target on the stock, up previously from C$13.00. Separately, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$13.25.
Canyon Services (TSE:FRC) traded up 1.40% during mid-day trading on Tuesday, hitting $12.35. 62,264 shares of the company’s stock traded hands. Canyon Services has a 1-year low of $9.60 and a 1-year high of $12.96. The stock’s 50-day moving average is $11.54 and its 200-day moving average is $11.7. The company has a market cap of $772.1 million and a price-to-earnings ratio of 304.50.
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.
Canyon Services Group Inc (TSE:FRC) operates in the oilfield services industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.