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Stock analysts at FirstEnergy Capital boosted their price objective on shares of Canyon Services Group (TSE:FRC) from C$20.00 to C$22.00 in a report issued on Friday. FirstEnergy Capital’s target price suggests a potential upside of 23.25% from the stock’s previous close.

Shares of Canyon Services Group (TSE:FRC) opened at 17.85 on Friday. Canyon Services Group has a one year low of $10.43 and a one year high of $18.63. The stock’s 50-day moving average is $16.38 and its 200-day moving average is $13.39. The company’s market cap is $1.123 billion.

Canyon Services Group (TSE:FRC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.02. Analysts expect that Canyon Services Group will post $0.66 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Canyon Services Group from C$17.00 to C$19.00 in a research note on Friday. Separately, analysts at TD Securities raised their price target on shares of Canyon Services Group from C$21.00 to C$23.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Canyon Services Group from C$20.00 to C$22.00 in a research note on Thursday. They now have a “buy” rating on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Canyon Services Group currently has a consensus rating of “Buy” and a consensus price target of C$19.75.

Canyon Services Group Inc (TSE:FRC) operates in the oilfield services industry.

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