Canaccord Genuity Cuts Western Energy Services Corp (WRG) Price Target to C$2.75
Western Energy Services Corp (TSE:WRG) had its price target reduced by analysts at Canaccord Genuity from C$3.75 to C$2.75 in a research report issued to clients and investors on Thursday. Canaccord Genuity’s price objective suggests a potential upside of 7.84% from the company’s current price.
Several other brokerages also recently issued reports on WRG. Royal Bank Of Canada reissued an “outperform” rating and set a C$4.50 target price on shares of Western Energy Services Corp in a research note on Tuesday, September 6th. Scotiabank reissued an “underperform” rating and set a C$2.25 target price on shares of Western Energy Services Corp in a research note on Thursday, July 28th. FirstEnergy Capital cut their target price on shares of Western Energy Services Corp from C$5.50 to C$4.75 in a research note on Thursday, July 28th. Finally, TD Securities downgraded shares of Western Energy Services Corp from a “buy” rating to a “hold” rating and cut their target price for the company from C$4.25 to C$3.50 in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$4.38.
Western Energy Services Corp (TSE:WRG) traded down 0.196% during trading on Thursday, reaching $2.545. The company had a trading volume of 18,187 shares. The company’s market capitalization is $187.44 million. Western Energy Services Corp has a 12 month low of $2.05 and a 12 month high of $5.40. The firm’s 50 day moving average is $2.63 and its 200-day moving average is $2.91.
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