BMO Capital Markets Increases Trican Well Service Ltd (TCW) Price Target to C$7.00
Trican Well Service Ltd (TSE:TCW) had its target price increased by analysts at BMO Capital Markets from C$4.50 to C$7.00 in a research note issued to investors on Friday. BMO Capital Markets’ price target points to a potential upside of 34.62% from the company’s current price.
A number of other brokerages have also commented on TCW. National Bank Financial increased their price objective on Trican Well Service from C$6.00 to C$7.50 and gave the company an “outperform” rating in a report on Thursday. Canaccord Genuity lowered their price objective on Trican Well Service from C$6.00 to C$4.50 in a report on Tuesday, July 11th. J P Morgan Chase & Co increased their target price on Trican Well Service from C$5.00 to C$6.00 and gave the company a “neutral” rating in a research note on Friday. GMP Securities increased their target price on Trican Well Service from C$5.00 to C$7.00 in a research note on Wednesday, September 20th. Finally, CIBC decreased their target price on Trican Well Service from C$6.75 to C$5.25 in a research note on Thursday, July 20th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$6.40.
Shares of Trican Well Service (TSE:TCW) traded up C$5.20 during midday trading on Friday, hitting C$5.20. The stock had a trading volume of 1,868,470 shares,
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In other news, insider Etienne Poulin sold 9,867 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of C$4.18, for a total value of C$41,244.06. Also, insider David R. Jones sold 50,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of C$4.59, for a total value of C$229,500.00.
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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