GMP Securities Raises Trinidad Drilling (TDG) Price Target to C$2.25
Trinidad Drilling (TSE:TDG) had its price target hoisted by equities researchers at GMP Securities from C$2.00 to C$2.25 in a report issued on Thursday. GMP Securities’ price target suggests a potential upside of 25.70% from the stock’s previous close.
Several other brokerages have also weighed in on TDG. Royal Bank of Canada lowered their target price 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. Raymond James Financial upped their target price on shares of Trinidad Drilling from C$2.35 to C$2.55 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. TD Securities lowered shares of Trinidad Drilling from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$2.25 to C$2.00 in a research report on Thursday, November 9th. Scotiabank lowered shares of Trinidad Drilling from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$3.25 to C$2.50 in a research report on Friday, November 10th. Finally, National Bank Financial lowered their target price on shares of Trinidad Drilling from C$2.60 to C$1.95 and set a “sector perform” rating on the stock in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$2.41.
Shares of Trinidad Drilling (TSE:TDG) remained flat at $C$1.79 on Thursday. The stock had a trading volume of 138,841 shares, compared to its average volume of 791,893. Trinidad Drilling has a 12 month low of C$1.43 and a 12 month high of C$3.39. The company has a market capitalization of $489.49, a price-to-earnings ratio of -6.39 and a beta of 1.39.
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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