Trican Well Service Ltd (TCW) Price Target Increased to C$7.25 by Analysts at Canaccord Genuity
Trican Well Service Ltd (TSE:TCW) had its price target boosted by research analysts at Canaccord Genuity from C$6.00 to C$7.25 in a note issued to investors on Friday. Canaccord Genuity’s target price would suggest a potential upside of 43.28% from the company’s previous close.
A number of other brokerages also recently commented on TCW. J P Morgan Chase & Co upped their price objective on Trican Well Service from C$5.00 to C$6.00 and gave the stock a “neutral” rating in a research note on Friday. BMO Capital Markets boosted their price target on Trican Well Service from C$4.50 to C$7.00 in a research report on Friday. National Bank Financial boosted their price target on Trican Well Service from C$6.00 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday. CIBC boosted their price target on Trican Well Service from C$5.75 to C$6.25 in a research report on Friday, October 20th. Finally, GMP Securities boosted their price target on Trican Well Service from C$5.00 to C$7.00 in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$6.40.
Shares of Trican Well Service (TCW) traded up C$5.20 during mid-day trading on Friday, hitting C$5.20. 1,868,470 shares of the stock traded hands.
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In other news, insider David R. Jones sold 50,000 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of C$4.59, for a total transaction of C$229,500.00. Also, insider Etienne Poulin sold 9,867 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of C$4.18, for a total value of C$41,244.06.
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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