Canyon Services Group Inc. (FRC) Given New C$7.50 Price Target at Canaccord Genuity
Canyon Services Group Inc. (TSE:FRC) had its target price hoisted by investment analysts at Canaccord Genuity from C$7.00 to C$7.50 in a report released on Thursday. Canaccord Genuity’s target price indicates a potential upside of 28.42% from the stock’s previous close.
Several other brokerages have also recently weighed in on FRC. Scotiabank reissued a “sector outperform” rating on shares of Canyon Services Group in a research note on Tuesday. CIBC reduced their price objective 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 research note on Thursday, August 25th. FirstEnergy Capital boosted their price objective on shares of Canyon Services Group from C$5.00 to C$6.00 and gave the stock a “market perform” rating in a research note on Monday, August 8th. BMO Capital Markets boosted their price objective on shares of Canyon Services Group from C$5.00 to C$5.50 and gave the stock a “market perform” rating in a research note on Monday, August 8th. Finally, TD Securities reduced their price objective on shares of Canyon Services Group from C$7.00 to C$6.50 and set a “buy” rating on the stock in a research note on Friday, August 5th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Canyon Services Group has a consensus rating of “Buy” and a consensus price target of C$6.27.
Shares of Canyon Services Group (TSE:FRC) traded up 4.29% on Thursday, reaching $5.84. The company’s stock had a trading volume of 514,314 shares. The company’s market cap is $501.56 million. The firm has a 50 day moving average of $4.94 and a 200 day moving average of $4.92. Canyon Services Group has a 52-week low of $2.85 and a 52-week high of $5.98.
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/canyon-services-group-inc-frc-given-new-c7-50-price-target-at-canaccord-genuity.html
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.
Receive News & Ratings for Canyon Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canyon Services Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.