Civeo (NYSE:CVEO) has been given a $3.00 target price by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the business services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 25.52% from the stock’s current price.
CVEO has been the subject of a number of other research reports. BidaskClub raised shares of Civeo from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. ValuEngine raised shares of Civeo from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Civeo presently has a consensus rating of “Buy” and an average price target of $4.17.
Civeo (CVEO) traded up $0.10 on Thursday, hitting $2.39. 874,300 shares of the stock traded hands, compared to its average volume of 956,813. Civeo has a one year low of $1.57 and a one year high of $3.73. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.58.
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Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.
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