Trading Report: Today, TD Securities Reaffirmed Hold Rating for Calfrac Well Services Ltd. (CFW)

Today, TD Securities Reaffirmed Hold Rating for Calfrac Well Services Ltd. (CFW)

TD Securities restated their hold rating on shares of Calfrac Well Services Ltd. (TSE:CFW) in a research note issued to investors on Thursday. The firm currently has a C$3.00 price target on the stock.

CFW has been the subject of a number of other reports. RBC Capital Markets lowered their price target 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 report on Tuesday, September 6th. Royal Bank Of Canada lowered their price target 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 report on Tuesday, September 6th. CIBC lowered their price target 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 report on Thursday, August 25th. Scotiabank reiterated an underperform rating and set a C$3.00 price target on shares of Calfrac Well Services in a report on Friday, October 28th. Finally, Paradigm Capital lowered their price target on shares of Calfrac Well Services from C$2.90 to C$2.50 and set a sell rating for the company in a report on Friday, October 28th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Calfrac Well Services currently has a consensus rating of Hold and an average price target of C$3.36.

Shares of Calfrac Well Services (TSE:CFW) opened at 2.99 on Thursday. The firm’s 50-day moving average is $2.93 and its 200-day moving average is $3.01. Calfrac Well Services has a 12-month low of $1.06 and a 12-month high of $4.17. The firm’s market capitalization is $345.58 million.

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