Trade Report: The Precision Drilling Co. (PD) Rating Reiterated by Royal Bank Of Canada

The Precision Drilling Co. (PD) Rating Reiterated by Royal Bank Of Canada

Precision Drilling Co. (TSE:PD)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research note issued on Thursday, StockTargetPrices.com reports. They presently have a C$8.00 price target on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 30.72% from the stock’s previous close.

PD has been the topic of a number of other reports. Scotiabank restated an “underperform” rating and issued a C$6.00 target price on shares of Precision Drilling in a report on Monday, July 25th. Evercore Partners Inc. upped their target price on shares of Precision Drilling from C$7.00 to C$8.00 in a report on Wednesday, June 29th. Evercore ISI upped their target price on shares of Precision Drilling from C$7.00 to C$8.00 in a report on Wednesday, June 29th. CIBC restated a “sector outperform” rating and issued a C$7.50 target price on shares of Precision Drilling in a report on Wednesday, August 24th. Finally, AltaCorp Capital restated an “outperform” rating on shares of Precision Drilling in a report on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$6.86.

Precision Drilling (TSE:PD) opened at 6.12 on Thursday. Precision Drilling has a 1-year low of $3.41 and a 1-year high of $7.71. The stock’s market cap is $1.79 billion. The stock has a 50 day moving average of $5.34 and a 200 day moving average of $5.89.

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