Trican Well Services Now Covered by Analysts at Canaccord Genuity (TCW)
Stock analysts at Canaccord Genuity started coverage on shares of Trican Well Services (TSE:TCW) in a report issued on Tuesday, American Banking & Market News reports. The firm set a “hold” rating and a C$15.00 price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 16.55% from the company’s current price.
Shares of Trican Well Services (TSE:TCW) traded up 2.64% on Tuesday, hitting $13.21. 243,814 shares of the company’s stock traded hands. Trican Well Services has a 1-year low of $11.97 and a 1-year high of $16.23. The stock’s 50-day moving average is $12.54 and its 200-day moving average is $13.89. The company’s market cap is $1.967 billion.
A number of other firms have also recently commented on TCW. Analysts at CIBC reiterated a “sector underperform” rating on shares of Trican Well Services in a research note to investors on Friday, December 13th. Separately, analysts at TD Securities cut their price target on shares of Trican Well Services from C$18.00 to C$16.00 in a research note to investors on Friday, December 13th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James upgraded shares of Trican Well Services from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$16.22.
Trican Well Service Ltd. (TSE:TCW) is an oilfield services company providing an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells.
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