Canaccord Genuity Increases Secure Energy Services Inc (SES) Price Target to C$12.00
Secure Energy Services Inc (TSE:SES) had its price objective hoisted by equities research analysts at Canaccord Genuity from C$11.50 to C$12.00 in a report released on Thursday. Canaccord Genuity’s price objective points to a potential upside of 31.72% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. TD Securities restated an “action list buy” rating and set a C$14.00 price objective on shares of Secure Energy Services in a research note on Wednesday, July 13th. Raymond James Financial Inc. upgraded Secure Energy Services from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, July 28th. Scotiabank upgraded Secure Energy Services from a “sector perform” rating to an “outperform” rating and set a C$12.00 price objective on the stock in a research note on Thursday, July 28th. Finally, Cormark restated a “buy” rating on shares of Secure Energy Services in a research note on Friday, September 9th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$11.18.
Secure Energy Services (TSE:SES) traded down 0.44% on Thursday, hitting $9.07. The stock had a trading volume of 350,889 shares. The firm’s market cap is $1.45 billion. Secure Energy Services has a 12-month low of $5.33 and a 12-month high of $10.21. The company’s 50 day moving average is $8.98 and its 200 day moving average is $8.84.
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About Secure Energy Services
Secure Energy Services Inc is an energy services company. It owns and operates midstream infrastructure and provides environmental services and products to upstream oil and natural gas companies operating in Western Canada and certain regions in the United States. It operates through three divisions.
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