Canaccord Genuity Trims Trican Well Service Ltd (TSE:TCW) Target Price to C$4.50
Trican Well Service Ltd (TSE:TCW) had its price target reduced by equities research analysts at Canaccord Genuity from C$6.00 to C$4.50 in a report issued on Tuesday. Canaccord Genuity’s price objective would indicate a potential upside of 33.53% from the company’s current price.
TCW has been the subject of several other reports. Scotiabank reaffirmed an “outperform” rating and issued a C$7.00 price objective on shares of Trican Well Service in a report on Thursday, May 4th. Pi Financial cut their price objective on shares of Trican Well Service from C$6.25 to C$6.00 in a report on Thursday, June 8th. AltaCorp Capital raised shares of Trican Well Service from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 4th. CIBC raised shares of Trican Well Service from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$7.00 price objective on shares of Trican Well Service in a report on Monday, June 5th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$6.12.
Shares of Trican Well Service (TSE TCW) traded down 2.08% during midday trading on Tuesday, hitting $3.30. The company had a trading volume of 1,648,610 shares. The company’s 50-day moving average price is $3.93 and its 200 day moving average price is $4.37. The company’s market capitalization is $638.96 million. Trican Well Service has a 12-month low of $1.86 and a 12-month high of $5.59.
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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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