Canyon Services Group Receives Consensus Recommendation of “Buy” from Analysts (TSE:FRC)
Canyon Services Group (TSE:FRC) has earned an average rating of “Buy” from the nine ratings firms that are covering the stock, American Banking News.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$17.33.
A number of research firms have recently commented on FRC. Analysts at Canaccord Genuity raised their price target on shares of Canyon Services Group to C$20.00 in a research note on Thursday. Separately, analysts at TD Securities raised their price target on shares of Canyon Services Group from C$19.00 to C$21.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Canyon Services Group from C$17.00 to C$18.00 in a research note on Wednesday. They now have an “outperform” rating on the stock.
Canyon Services Group (TSE:FRC) traded up 1.16% during mid-day trading on Thursday, hitting $16.62. The stock had a trading volume of 124,548 shares. Canyon Services Group has a one year low of $10.37 and a one year high of $16.55. The stock has a 50-day moving average of $14.25 and a 200-day moving average of $12.22. The company’s market cap is $1.041 billion.
Canyon Services Group (TSE:FRC) last released its earnings data on Thursday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Analysts expect that Canyon Services Group will post $0.53 EPS for the current fiscal year.
Canyon Services Group Inc (TSE:FRC) operates in the oilfield services industry.
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