Canaccord Genuity Boosts Canyon Services Group Inc. (FRC) Price Target to C$7.50
Canyon Services Group Inc. (TSE:FRC) had its target price hoisted by analysts at Canaccord Genuity from C$7.00 to C$7.50 in a note issued to investors on Thursday. Canaccord Genuity’s target price indicates a potential upside of 33.93% from the stock’s current price.
Several other research firms have also recently commented on FRC. Scotiabank restated a “sector outperform” rating on shares of Canyon Services Group in a report on Tuesday. CIBC lowered their price target on shares of Canyon Services Group from C$8.00 to C$7.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 25th. FirstEnergy Capital boosted their price target on shares of Canyon Services Group from C$5.00 to C$6.00 and gave the company a “market perform” rating in a report on Monday, August 8th. BMO Capital Markets boosted their price target on shares of Canyon Services Group from C$5.00 to C$5.50 and gave the company a “market perform” rating in a report on Monday, August 8th. Finally, TD Securities lowered their price target on shares of Canyon Services Group from C$7.00 to C$6.50 and set a “buy” rating on the stock in a report on Friday, August 5th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$6.27.
Shares of Canyon Services Group (TSE:FRC) traded up 4.11% during trading on Thursday, reaching $5.83. The company’s stock had a trading volume of 272,573 shares. The stock’s market capitalization is $500.70 million. The firm’s 50-day moving average is $4.94 and its 200-day moving average is $4.92. Canyon Services Group has a 12-month low of $2.85 and a 12-month high of $5.98.
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Canyon Services Group Company Profile
Canyon Services Group Inc provides stimulation and fluid management services to oil and gas exploration and production companies operating in the Western Canadian Sedimentary Basin. The Company’s segments include Pressure Pumping Services and Fluid Management Services. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.
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