Scotiabank Reaffirms Sector Outperform Rating for Canyon Services Group Inc. (FRC)
Canyon Services Group Inc. (TSE:FRC)‘s stock had its “sector outperform” rating reissued by stock analysts at Scotiabank in a research report issued on Tuesday.
FRC has been the topic of several other research reports. FirstEnergy Capital increased their price objective on Canyon Services Group from C$5.00 to C$6.00 and gave the stock a “market perform” rating in a research report on Monday, August 8th. CIBC decreased their price target on Canyon Services Group from C$8.00 to C$7.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 25th. TD Securities restated a “buy” rating and issued a C$6.50 price target on shares of Canyon Services Group in a research report on Friday, September 9th. Finally, BMO Capital Markets raised their price target on Canyon Services Group from C$5.00 to C$5.50 and gave the stock a “market perform” rating in a research report on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$6.18.
Canyon Services Group (TSE:FRC) traded up 2.054% during midday trading on Tuesday, reaching $5.715. 167,591 shares of the company’s stock were exchanged. The company’s market cap is $490.83 million. The company has a 50 day moving average price of $4.94 and a 200 day moving average price of $4.92. Canyon Services Group has a 12 month low of $2.85 and a 12 month high of $5.98.
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About Canyon Services Group
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.
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