McCoy Now Covered by Analysts at Canaccord Genuity (MCB)
Investment analysts at Canaccord Genuity assumed coverage on shares of McCoy (TSE:MCB) in a note issued to investors on Tuesday, American Banking News.com reports. The firm set a “buy” rating and a C$8.75 price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 26.63% from the stock’s previous close.
Shares of McCoy (TSE:MCB) opened at 6.97 on Tuesday. McCoy has a 52 week low of $4.11 and a 52 week high of $7.24. The stock’s 50-day moving average is $6.72 and its 200-day moving average is $6.41. The company has a market cap of $187.6 million and a price-to-earnings ratio of 15.02.
Separately, analysts at Raymond James raised their price target on shares of McCoy from C$6.75 to C$7.75 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock.
McCoy Corporation (TSE:MCB) provides specialized equipment, service and replacement components to the global oil and gas sector.
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