Trican Well Service (TCW) Price Target Cut to C$4.50 by Analysts at TD Securities
Trican Well Service (TSE:TCW) had its price objective reduced by analysts at TD Securities from C$5.50 to C$4.50 in a report issued on Tuesday. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 11.11% from the company’s current price.
A number of other analysts have also recently issued reports on TCW. GMP Securities boosted their price objective on Trican Well Service from C$5.00 to C$7.00 in a research report on Wednesday, September 20th. J P Morgan Chase & Co boosted their price objective on Trican Well Service from C$5.00 to C$6.00 in a research report on Monday, August 14th. National Bank Financial boosted their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Tuesday, September 5th. CIBC boosted their price objective on Trican Well Service from C$5.75 to C$6.25 in a research report on Friday, October 20th. Finally, BMO Capital Markets boosted their price objective on Trican Well Service from C$4.50 to C$7.00 in a research report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$6.28.
Trican Well Service (TSE:TCW) traded down C$0.11 on Tuesday, hitting C$4.05. The stock had a trading volume of 2,190,690 shares, compared to its average volume of 1,943,434. Trican Well Service has a 1-year low of C$3.11 and a 1-year high of C$5.59.
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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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