Trinidad Drilling (TSE:TDG) had its price objective decreased by equities researchers at Raymond James Financial from C$2.80 to C$2.20 in a report issued on Wednesday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 42.86% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Scotiabank downgraded shares of Trinidad Drilling from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$3.25 to C$2.50 in a research report on Friday, November 10th. Royal Bank Of Canada dropped their price objective on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a research report on Friday, October 6th. National Bank Financial downgraded shares of Trinidad Drilling from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Thursday, November 9th. CIBC dropped their price objective on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. Finally, TD Securities downgraded shares of Trinidad Drilling from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$2.25 to C$2.00 in a research report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$2.38.

Trinidad Drilling (TDG) traded down C$0.06 during trading on Wednesday, hitting C$1.54. 808,532 shares of the stock were exchanged, compared to its average volume of 715,075. Trinidad Drilling has a twelve month low of C$1.43 and a twelve month high of C$3.77.

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Trinidad Drilling Company Profile

Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with operations in Canada and the United States. The Company operates through five segments, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate.

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Analyst Recommendations for Trinidad Drilling (TSE:TDG)

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