Trican Well Service’s Buy Rating Reaffirmed at Canaccord Genuity (TCW)
Trican Well Service (TSE:TCW)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity in a report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a C$18.50 price objective on the stock. Canaccord Genuity’s target price would suggest a potential upside of 18.82% from the company’s current price.
Shares of Trican Well Service (TSE:TCW) traded up 1.73% on Thursday, hitting $15.84. 1,070,784 shares of the company’s stock traded hands. Trican Well Service has a 52-week low of $11.97 and a 52-week high of $16.23. The stock’s 50-day moving average is $14.53 and its 200-day moving average is $13.50. The company’s market cap is $2.359 billion.
A number of other firms have also recently commented on TCW. Analysts at Scotiabank upgraded shares of Trican Well Service to a “sector perform” rating in a research note on Tuesday, April 22nd. Separately, analysts at Barclays raised their price target on shares of Trican Well Service from C$18.00 to C$19.00 in a research note on Wednesday, April 16th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Trican Well Service has a consensus rating of “Hold” and an average price target of C$15.95.
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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