Shares of Trinidad Drilling Ltd. (TSE:TDG) have received a consensus rating of “Buy” from the twelve brokerages that are presently covering the company. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$3.07.
Several equities research analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$4.00 price target on shares of Trinidad Drilling in a report on Monday. Scotiabank reaffirmed a “sector perform” rating and issued a C$3.00 price target on shares of Trinidad Drilling in a report on Thursday, August 4th. TD Securities cut their price target on Trinidad Drilling from C$3.50 to C$3.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. FirstEnergy Capital raised Trinidad Drilling from an “outperform” rating to a “top pick” rating in a report on Tuesday, July 12th. Finally, National Bank Financial raised Trinidad Drilling from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Tuesday, June 28th.