Today: The Trican Well Service Ltd. (TCW) Price Target Increased to C$4.00 by Analysts at Canaccord Genuity

The Trican Well Service Ltd. (TCW) Price Target Increased to C$4.00 by Analysts at Canaccord Genuity

Trican Well Service Ltd. (TSE:TCW) had its price objective boosted by Canaccord Genuity from C$3.25 to C$4.00 in a report published on Thursday morning.

A number of other analysts have also recently weighed in on the stock. Scotiabank cut shares of Trican Well Service from a sector outperform rating to a sector perform rating in a report on Tuesday. Raymond James Financial Inc. cut shares of Trican Well Service from a strong-buy rating to a market perform rating and lifted their target price for the stock from C$3.30 to C$3.60 in a research note on Friday, October 7th. Pi Financial cut shares of Trican Well Service from a buy rating to a neutral rating in a research note on Friday, October 7th. Royal Bank Of Canada reiterated 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. Finally, TD Securities lowered their target price on shares of Trican Well Service from C$3.00 to C$2.75 and set a speculative buy rating for the company in a research note on Monday, August 15th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Trican Well Service currently has a consensus rating of Hold and a consensus target price of C$2.94.

Trican Well Service (TSE:TCW) traded up 2.55% during trading on Thursday, hitting $3.22. 1,027,423 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $2.49 and its 200 day moving average price is $2.04. The firm’s market cap is $621.59 million. Trican Well Service has a 12-month low of $0.34 and a 12-month high of $3.37.

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