Trican Well Service Ltd (TCW) PT Raised to C$7.00 at GMP Securities
Trican Well Service Ltd (TSE:TCW) had its price objective raised by investment analysts at GMP Securities from C$5.00 to C$7.00 in a research report issued on Wednesday, StockTargetPrices.com reports. GMP Securities’ price target suggests a potential upside of 75.88% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on TCW. J P Morgan Chase & Co upped their price objective on Trican Well Service from C$5.00 to C$6.00 in a research note on Monday, August 14th. National Bank Financial upped their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 5th. Pi Financial decreased their price objective on Trican Well Service from C$6.25 to C$6.00 in a research note on Thursday, June 8th. Canaccord Genuity decreased their price objective on Trican Well Service from C$6.00 to C$4.50 in a research note on Tuesday, July 11th. Finally, CIBC decreased their price objective on Trican Well Service from C$6.75 to C$5.25 in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$5.88.
Shares of Trican Well Service (TSE TCW) traded up 5.905% during trading on Wednesday, hitting $4.215. 4,998,045 shares of the stock traded hands. The stock has a 50 day moving average price of $3.58 and a 200-day moving average price of $3.83. The stock’s market cap is $1.46 billion. Trican Well Service has a 1-year low of $2.24 and a 1-year 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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