Scotiabank Analysts Give Trican Well Service (TCW) a C$7.25 Price Target
Trican Well Service (TSE:TCW) received a C$7.25 target price from stock analysts at Scotiabank in a note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 91.80% from the company’s previous close.
A number of other equities analysts also recently weighed in on TCW. GMP Securities increased their price target on shares of Trican Well Service from C$5.00 to C$7.00 in a research note on Wednesday, September 20th. National Bank Financial increased their price target on shares of Trican Well Service from C$6.00 to C$7.50 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. CIBC increased their price target on shares of Trican Well Service from C$5.75 to C$6.25 in a research note on Friday, October 20th. BMO Capital Markets increased their price target on shares of Trican Well Service from C$4.50 to C$7.00 in a research note on Friday, November 3rd. Finally, TD Securities cut their price target on shares of Trican Well Service from C$5.50 to C$4.50 and set a “hold” rating on the stock in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Trican Well Service presently has an average rating of “Buy” and a consensus target price of C$6.54.
Trican Well Service (TCW) traded up C$0.03 during trading hours on Thursday, reaching C$3.78. 4,500,733 shares of the company’s stock were exchanged, compared to its average volume of 2,592,861. The stock has a market capitalization of $1,310.00, a P/E ratio of 18.90 and a beta of -0.49. Trican Well Service has a 12 month low of C$3.11 and a 12 month 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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