Trinidad Drilling Ltd. (TSE:TDG) had its price target hoisted by Raymond James Financial Inc. from C$3.40 to C$3.75 in a note issued to investors on Friday, reports. Raymond James Financial Inc.’s target price suggests a potential upside of 38.38% from the stock’s current price.

A number of other research firms have also recently commented on TDG. National Bank Financial upgraded Trinidad Drilling from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Tuesday, June 28th. FirstEnergy Capital raised shares of Trinidad Drilling from an “outperform” rating to a “top pick” rating in a research note on Tuesday, July 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$4.00 price target on shares of Trinidad Drilling in a research note on Monday. Paradigm Capital reaffirmed a “buy” rating and issued a C$3.00 price target on shares of Trinidad Drilling in a research note on Tuesday, June 28th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$2.00 price target on shares of Trinidad Drilling in a research note on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Trinidad Drilling currently has a consensus rating of “Buy” and a consensus target price of C$3.40.

Analyst Recommendations for Trinidad Drilling (TSE:TDG)

Trinidad Drilling (TSE:TDG) traded down 0.37% on Friday, hitting $2.70. The stock had a trading volume of 301,257 shares. Trinidad Drilling has a 12 month low of $1.41 and a 12 month high of $3.00. The stock’s market cap is $599.63 million. The firm’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.36.

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Trinidad Drilling Company Profile

Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with operations in Canada and the United States. The Company operates through five segments, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate.

Stock Target Prices

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