Trinidad Drilling Receives Consensus Rating of “Buy” from Analysts (TSE:TDG)
Shares of Trinidad Drilling (TSE:TDG) have received a consensus rating of “Buy” from the twelve analysts that are currently covering the stock, Stock Ratings Network reports. Ten analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$12.08.
TDG has been the subject of a number of recent research reports. Analysts at Paradigm Capital raised their price target on shares of Trinidad Drilling from C$12.00 to C$12.50 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Trinidad Drilling from C$12.50 to C$13.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Trinidad Drilling from C$12.25 to C$13.50 in a research note on Friday. They now have a “buy” rating on the stock.
Trinidad Drilling (TSE:TDG) opened at 11.01 on Tuesday. Trinidad Drilling has a 52 week low of $6.46 and a 52 week high of $11.10. The stock has a 50-day moving average of $9.59 and a 200-day moving average of $9.78. The company has a market cap of $1.331 billion and a P/E ratio of 41.92.
Trinidad Drilling Ltd. (TSE:TDG) is engaged in providing modern, reliable designed equipment operated by trained and experienced personnel.
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