Canyon Services Group Stock Rating Reaffirmed by Raymond James (FRC)
Canyon Services Group (TSE:FRC)‘s stock had its “strong-buy” rating reiterated by investment analysts at Raymond James in a note issued to investors on Thursday, StockRatingsNetwork.com reports. They currently have a C$20.00 price target on the stock, up from their previous price target of C$15.50. Raymond James’ price objective would suggest a potential upside of 25.79% from the company’s current price.
FRC has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Canyon Services Group from C$17.00 to C$20.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Canyon Services Group to C$20.00 in a research note on Thursday, May 8th. Finally, 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, May 7th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$18.17.
Shares of Canyon Services Group (TSE:FRC) traded down 1.57% on Thursday, hitting $15.65. The stock had a trading volume of 606,710 shares. Canyon Services Group has a one year low of $10.43 and a one year high of $17.00. The stock has a 50-day moving average of $14.61 and a 200-day moving average of $12.3. The company’s market cap is $980.5 million.
Canyon Services Group (TSE:FRC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.02. Analysts expect that Canyon Services Group will post $0.59 EPS for the current fiscal year.
Canyon Services Group Inc (TSE:FRC) operates in the oilfield services industry.
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