Canaccord Genuity Cuts Trican Well Service (TCW) Price Target to C$6.00

Trican Well Service (TSE:TCW) had its price target dropped by analysts at Canaccord Genuity from C$6.50 to C$6.00 in a research report issued to clients and investors on Tuesday. Canaccord Genuity’s price objective would suggest a potential upside of 74.93% from the stock’s previous close.

Other analysts have also issued reports about the stock. BMO Capital Markets boosted their target price on shares of Trican Well Service from C$4.50 to C$7.00 in a research note on Friday, November 3rd. CIBC lowered their target price on shares of Trican Well Service from C$6.75 to C$6.25 in a research note on Tuesday, December 12th. TD Securities lowered their target price on shares of Trican Well Service from C$5.50 to C$4.50 and set a “hold” rating for the company in a research note on Tuesday, December 12th. JPMorgan Chase & Co. boosted their target price on shares of Trican Well Service from C$5.00 to C$6.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, National Bank Financial boosted their target price on shares of Trican Well Service from C$6.00 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$6.48.

Shares of Trican Well Service (TSE:TCW) traded down C$0.01 on Tuesday, hitting C$3.43. 1,657,770 shares of the stock were exchanged, compared to its average volume of 3,081,839. The stock has a market capitalization of $1,160.00, a price-to-earnings ratio of 17.45 and a beta of -0.58. 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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Trican Well Service Company Profile

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.

Analyst Recommendations for Trican Well Service (TSE:TCW)

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