Trican Well Service Ltd. (TCW) Price Target Raised to C$4.00
Trican Well Service Ltd. (TSE:TCW) had its price objective increased by stock analysts at Canaccord Genuity from C$3.25 to C$4.00 in a research report issued on Thursday. Canaccord Genuity’s target price suggests a potential upside of 28.62% from the company’s previous close.
Several other analysts also recently weighed in on TCW. Evercore Partners Inc. lifted their target price on Trican Well Service from C$2.00 to C$3.00 in a research note on Wednesday, June 29th. Evercore ISI boosted their price objective on Trican Well Service from C$2.00 to C$3.00 in a research note on Wednesday, June 29th. Scotiabank boosted their price objective on Trican Well Service from C$2.75 to C$3.00 and gave the stock an “outperform” rating in a research note 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 stock a “speculative buy” rating in a research note on Wednesday, June 22nd. Finally, Raymond James Financial Inc. downgraded Trican Well Service from a “strong-buy” rating to a “market perform” rating and boosted their price objective for the stock from C$3.30 to C$3.60 in a research note on Friday, October 7th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$2.94.
Trican Well Service (TSE:TCW) traded up 0.32% during midday trading on Thursday, reaching $3.12. The company had a trading volume of 579,455 shares. The firm’s market capitalization is $602.28 million. The firm’s 50-day moving average price is $2.46 and its 200 day moving average price is $2.03. Trican Well Service has a 12 month low of $0.34 and a 12 month high of $3.37.
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About Trican Well Service
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.
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