Canaccord Genuity Raises Trican Well Service Ltd. (TCW) Price Target to C$4.00
Trican Well Service Ltd. (TSE:TCW) had its price objective hoisted by equities researchers at Canaccord Genuity from C$3.25 to C$4.00 in a report released on Thursday. Canaccord Genuity’s target price suggests a potential upside of 28.62% from the stock’s previous close.
A number of other research analysts also recently issued reports on TCW. Royal Bank Of Canada raised Trican Well Service from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$2.00 to C$5.00 in a report on Wednesday, June 22nd. Scotiabank boosted their price target on Trican Well Service from C$2.75 to C$3.00 and gave the company an “outperform” rating in a report on Wednesday, June 22nd. TD Securities boosted their price objective on Trican Well Service from C$2.25 to C$2.75 and gave the company a “speculative buy” rating in a research report on Wednesday, June 22nd. Evercore ISI boosted their price objective on Trican Well Service from C$2.00 to C$3.00 in a research report on Wednesday, June 29th. Finally, Evercore Partners Inc. boosted their price objective on Trican Well Service from C$2.00 to C$3.00 in a research report on Wednesday, June 29th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Trican Well Service presently has a consensus rating of “Hold” and a consensus price target of C$2.94.
Shares of Trican Well Service (TSE:TCW) traded up 0.32% on Thursday, hitting $3.12. 587,355 shares of the company traded hands. The stock’s market capitalization is $602.28 million. Trican Well Service has a 1-year low of $0.34 and a 1-year high of $3.37. The firm’s 50 day moving average price is $2.46 and its 200-day moving average price is $2.03.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/canaccord-genuity-raises-trican-well-service-ltd-tcw-price-target-to-c4-00.html
Trican Well Service Company Profile
Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.
Receive News & Ratings for Trican Well Service Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trican Well Service Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.