Trican Well Service Ltd. (TCW) Lowered to Hold at GMP Securities
Trican Well Service Ltd. (TSE:TCW) was downgraded by equities research analysts at GMP Securities from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
TCW has been the topic of a number of other research reports. Pi Financial lifted their price target on shares of Trican Well Service from C$2.20 to C$3.30 in a research note on Monday, October 3rd. Scotiabank reissued an “outperform” rating and issued a C$3.50 price target on shares of Trican Well Service in a research note on Monday, August 15th. Evercore Partners Inc. lifted their target price on shares of Trican Well Service from C$2.00 to C$3.00 in a research note on Wednesday, June 29th. TD Securities lowered their target price on shares of Trican Well Service from C$3.00 to C$2.75 and set a “speculative buy” rating on the stock in a research note on Monday, August 15th. Finally, Royal Bank Of Canada raised shares of Trican Well Service from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$2.00 to C$5.00 in a research note on Wednesday, June 22nd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$2.94.
Trican Well Service (TSE:TCW) traded down 1.25% on Tuesday, hitting $3.15. 1,043,647 shares of the stock were exchanged. The stock’s 50 day moving average price is $2.55 and its 200 day moving average price is $2.08. The firm’s market cap is $608.07 million. Trican Well Service has a 52-week low of $0.34 and a 52-week 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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