Royal Bank Of Canada Boosts Canadian Energy Services & Tech Corp (CEU) Price Target to C$7.00
Canadian Energy Services & Tech Corp (TSE:CEU) had its target price lifted by equities researchers at Royal Bank Of Canada from C$6.00 to C$7.00 in a report released on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price points to a potential upside of 28.91% from the company’s current price.
Other research analysts have also recently issued reports about the company. RBC Capital Markets raised their target price on Canadian Energy Services & Tech Corp from C$6.00 to C$7.00 in a research report on Thursday. Canaccord Genuity raised their price objective on Canadian Energy Services & Tech Corp from C$5.50 to C$6.25 and gave the stock a “buy” rating in a research note on Thursday. Scotiabank reaffirmed an “outperform” rating and issued a C$6.50 price objective on shares of Canadian Energy Services & Tech Corp in a research note on Wednesday, August 3rd. FirstEnergy Capital raised Canadian Energy Services & Tech Corp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, August 2nd. Finally, Eurobank EFG raised their price objective on Canadian Energy Services & Tech Corp from C$4.30 to C$5.00 in a research note on Monday, August 15th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$5.42.
Shares of Canadian Energy Services & Tech Corp (TSE:CEU) traded down 0.73% during midday trading on Thursday, hitting $5.43. The stock had a trading volume of 519,768 shares. Canadian Energy Services & Tech Corp has a 12 month low of $2.85 and a 12 month high of $6.55. The firm’s market cap is $1.42 billion. The stock’s 50 day moving average price is $4.90 and its 200 day moving average price is $3.99.
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In other news, Director Thomas James Simons sold 300,000 shares of the business’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of C$5.75, for a total value of C$1,725,000.00. Also, Director Donald Michael Godfre Stewart sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of C$4.88, for a total value of C$48,800.00.
Canadian Energy Services & Tech Corp Company Profile
Canadian Energy Services & Technology Corp. is a Canada-based company, which designs, implements, and manufactures consumable fluids and specialty chemicals for the oil and gas industry. The Company operates in the Western Canadian Sedimentary Basin and in several basins throughout the United States.
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