Trican Well Service (TSE:TCW) had its price target trimmed by Royal Bank of Canada from C$6.00 to C$5.00 in a research note issued to investors on Friday morning. They currently have an outperform rating on the stock.
Several other brokerages have also recently commented on TCW. National Bank Financial upped their target price on shares of Trican Well Service from C$6.00 to C$7.50 and gave the company an outperform rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. upped their target price on shares of Trican Well Service from C$5.00 to C$6.00 and gave the company a neutral rating in a research report on Friday, November 3rd. CIBC dropped their target price on shares of Trican Well Service from C$6.75 to C$6.25 in a research report on Tuesday, December 12th. TD Securities dropped their target price on shares of Trican Well Service from C$4.50 to C$3.75 and set a hold rating for the company in a research report on Friday. Finally, BMO Capital Markets dropped their target price on shares of Trican Well Service from C$7.00 to C$3.75 in a research report on Friday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of C$5.68.
Shares of Trican Well Service (TCW) traded down C$0.03 during trading on Friday, hitting C$3.12. 4,158,400 shares of the company’s stock traded hands, compared to its average volume of 3,660,000. The company has a market cap of $1,060.00, a PE ratio of -62.40 and a beta of -0.58. Trican Well Service has a 52 week low of C$2.88 and a 52 week high of C$5.47.
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About Trican Well Service
Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.
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