Trading Report: The Scotiabank Lowers Trican Well Service Ltd. (TCW) to Sector Perform

The Scotiabank Lowers Trican Well Service Ltd. (TCW) to Sector Perform

Scotiabank downgraded shares of Trican Well Service Ltd. (TSE:TCW) from a sector outperform rating to a sector perform rating in a report released on Tuesday morning.

TCW has been the topic of several other research reports. Royal Bank Of Canada restated an outperform rating and issued a C$5.00 target price on shares of Trican Well Service in a research note on Tuesday, September 6th. Pi Financial boosted their target price on shares of Trican Well Service from C$2.20 to C$3.30 in a research note on Monday, October 3rd. TD Securities reduced their target price on shares of Trican Well Service from C$3.00 to C$2.75 and set a speculative buy rating on the stock in a research note on Monday, August 15th. Raymond James Financial Inc. downgraded shares of Trican Well Service from a strong-buy rating to a market perform rating and boosted their target price for the company from C$3.30 to C$3.60 in a research note on Friday, October 7th. Finally, Evercore ISI boosted their target price on shares of Trican Well Service from C$2.00 to C$3.00 in a research note on Wednesday, June 29th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of C$2.94.

Trican Well Service (TSE:TCW) opened at 3.14 on Tuesday. The firm’s market cap is $606.14 million. Trican Well Service has a 52 week low of $0.34 and a 52 week high of $3.37. The stock has a 50 day moving average of $2.49 and a 200 day moving average of $2.04.

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