CIBC Lowers Trican Well Service Ltd (TSE:TCW) Price Target to C$5.25
Trican Well Service Ltd (TSE:TCW) had its target price decreased by analysts at CIBC from C$6.75 to C$5.25 in a research note issued on Thursday, StockTargetPrices.com reports. CIBC’s price target indicates a potential upside of 41.89% from the stock’s current price.
Several other research analysts have also recently issued reports on the stock. Canaccord Genuity decreased their target price on shares of Trican Well Service from C$6.00 to C$4.50 in a report on Tuesday, July 11th. Pi Financial decreased their target price on shares of Trican Well Service from C$6.25 to C$6.00 in a report on Thursday, June 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$7.00 target price on shares of Trican Well Service in a report on Monday, June 5th. AltaCorp Capital raised shares of Trican Well Service from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 4th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$7.00 target price on shares of Trican Well Service in a report on Thursday, May 4th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$5.99.
Shares of Trican Well Service (TCW) remained flat at $3.70 during trading on Thursday. 2,065,579 shares of the stock traded hands. The company’s market capitalization is $716.41 million. The firm has a 50 day moving average of $3.65 and a 200 day moving average of $4.28. Trican Well Service has a 52 week low of $1.86 and a 52 week high of $5.59.
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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