Canadian Energy Services & Tech Corp (CEU) Stock Rating Reaffirmed by Raymond James Financial Inc.
Canadian Energy Services & Tech Corp (TSE:CEU)‘s stock had its “market perform” rating reissued by equities research analysts at Raymond James Financial Inc. in a research report issued on Friday, StockTargetPrices.com reports. They currently have a C$6.20 target price on the stock. Raymond James Financial Inc.’s price target suggests a potential upside of 9.93% from the company’s previous close.
A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Canadian Energy Services & Tech Corp from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Tuesday, September 6th. Scotiabank reissued an “outperform” rating and set a C$4.75 target price on shares of Canadian Energy Services & Tech Corp in a report on Thursday, June 9th. AltaCorp Capital increased their target price on shares of Canadian Energy Services & Tech Corp from C$5.25 to C$5.50 in a report on Monday, August 15th. FirstEnergy Capital raised shares of Canadian Energy Services & Tech Corp from an “underperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. Finally, Canaccord Genuity increased their target price on shares of Canadian Energy Services & Tech Corp from C$5.25 to C$5.50 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$5.15.
Canadian Energy Services & Tech Corp (TSE:CEU) traded down 3.01% during mid-day trading on Friday, reaching $5.47. 1,006,532 shares of the company were exchanged. Canadian Energy Services & Tech Corp has a 12 month low of $2.85 and a 12 month high of $7.03. The company’s 50 day moving average price is $4.83 and its 200-day moving average price is $3.95. The stock’s market capitalization is $1.43 billion.
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In related news, Director Donald Michael Godfre Stewart sold 10,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of C$4.88, for a total value of C$48,800.00.
Canadian Energy Services & Tech Corp Company Profile
Canadian Energy Services & Technology Corp. is a Canada-based company, which designs, implements, and manufactures consumable fluids and specialty chemicals for the oil and gas industry. The Company operates in the Western Canadian Sedimentary Basin and in several basins throughout the United States.
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