Todays Report: Today, Analysts Set Calfrac Well Services Ltd. (CFW) Price Target at $3.28

Today, Analysts Set Calfrac Well Services Ltd. (CFW) Price Target at $3.28

Shares of Calfrac Well Services Ltd. (TSE:CFW) have received an average recommendation of “Hold” from the seventeen analysts that are presently covering the company. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$3.28.

CFW has been the subject of several research reports. Scotiabank reissued an “underperform” rating and issued a C$3.00 price objective on shares of Calfrac Well Services in a research report on Friday, July 29th. TD Securities lowered their price objective on shares of Calfrac Well Services from C$3.75 to C$2.75 and set a “hold” rating for the company in a research report on Friday, July 29th. CIBC lowered their price objective on shares of Calfrac Well Services from C$10.00 to C$8.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 25th. Royal Bank Of Canada lowered their price objective on shares of Calfrac Well Services from C$4.75 to C$3.75 and set a “sector perform” rating for the company in a research report on Tuesday, September 6th. Finally, RBC Capital Markets lowered their price objective on shares of Calfrac Well Services from C$4.50 to C$3.75 and set a “sector perform” rating for the company in a research report on Tuesday, September 6th.

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