Canyon Services Group Inc (FRC) Receives Average Recommendation of “Buy” from Analysts
Canyon Services Group Inc (TSE:FRC) has been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$7.83.
Several research analysts have weighed in on FRC shares. CIBC lowered their target price on Canyon Services Group from C$7.40 to C$6.80 in a research note on Monday, May 8th. BMO Capital Markets lowered their target price on Canyon Services Group from C$9.00 to C$8.00 in a research note on Monday, March 6th. Finally, Scotiabank reiterated an “outperform” rating and issued a C$9.00 target price on shares of Canyon Services Group in a research note on Monday, March 6th.
Shares of Canyon Services Group (FRC) opened at 6.66 on Friday. The company has a 50-day moving average price of $6.82 and a 200-day moving average price of $6.49. Canyon Services Group has a 12 month low of $4.28 and a 12 month high of $7.69.
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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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