Major Drilling Group International (TSE:MDI) Given a C$20.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a C$20.00 price target on Major Drilling Group International (TSE:MDI) in a research note issued to investors on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, TD Securities raised their target price on shares of Major Drilling Group International from C$16.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Major Drilling Group International presently has a consensus rating of “Buy” and an average price target of C$20.50.

Major Drilling Group International Stock Down 6.4%

MDI stock opened at C$16.73 on Friday. Major Drilling Group International has a one year low of C$8.27 and a one year high of C$18.65. The stock has a market capitalization of C$1.37 billion, a PE ratio of 92.94, a price-to-earnings-growth ratio of 3.45 and a beta of 1.59. The company has a debt-to-equity ratio of 7.68, a quick ratio of 1.92 and a current ratio of 2.71. The company has a fifty day moving average of C$16.67 and a 200-day moving average of C$15.44.

About Major Drilling Group International

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada – the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada – the United States.