Trican Well Service Ltd (TCW) PT Raised to C$6.00 at J P Morgan Chase & Co
Trican Well Service Ltd (TSE:TCW) had its price target lifted by equities researchers at J P Morgan Chase & Co from C$5.00 to C$6.00 in a report issued on Monday, StockTargetPrices.com reports. J P Morgan Chase & Co’s target price suggests a potential upside of 71.92% from the stock’s previous close.
A number of other brokerages have also recently commented on TCW. CIBC raised Trican Well Service from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$7.00 price target on shares of Trican Well Service in a research note on Monday, June 5th. Pi Financial lowered their price target on Trican Well Service from C$6.25 to C$6.00 in a research note on Thursday, June 8th. Scotiabank reaffirmed an “outperform” rating and issued a C$7.00 price target on shares of Trican Well Service in a research note on Thursday, May 4th. Finally, AltaCorp Capital raised Trican Well Service from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$5.99.
Shares of Trican Well Service (TSE TCW) remained flat at $3.49 on Monday. The stock had a trading volume of 1,268,623 shares. The stock has a 50-day moving average price of $3.51 and a 200-day moving average price of $4.12. The firm’s market cap is $845.51 million. Trican Well Service has a 12 month low of $2.09 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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