J P Morgan Chase & Co Raises Trican Well Service Ltd (TCW) Price Target to C$6.00
Trican Well Service Ltd (TSE:TCW) had its price target hoisted by research analysts at J P Morgan Chase & Co from C$5.00 to C$6.00 in a note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 15.38% from the stock’s previous close.
Several other equities research analysts have also recently commented on the company. National Bank Financial lifted their target price on Trican Well Service from C$6.00 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday. CIBC raised their price target on Trican Well Service from C$5.75 to C$6.25 in a research report on Friday, October 20th. GMP Securities raised their price target on Trican Well Service from C$5.00 to C$7.00 in a research report on Wednesday, September 20th. Finally, Canaccord Genuity reduced their price target on Trican Well Service from C$6.00 to C$4.50 in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Trican Well Service currently has a consensus rating of “Buy” and a consensus price target of C$6.40.
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,
In other news, insider Etienne Poulin sold 9,867 shares of the business’s stock in a transaction dated 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 business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of C$4.59, for a total value of C$229,500.00.
Trican Well Service Company Profile
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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