Major Drilling Group International (TSE:MDI) Price Target Raised to C$17.00

Major Drilling Group International (TSE:MDI) had its price objective increased by Royal Bank Of Canada from C$14.00 to C$17.00 in a report issued on Tuesday,BayStreet.CA reports.

Separately, TD Securities raised their target price on Major Drilling Group International from C$13.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, December 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Major Drilling Group International currently has a consensus rating of “Buy” and a consensus price target of C$16.50.

Major Drilling Group International Trading Down 0.8%

Major Drilling Group International stock opened at C$13.14 on Tuesday. The stock has a 50-day moving average price of C$12.66 and a 200 day moving average price of C$10.60. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 69.16, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00. Major Drilling Group International has a 52 week low of C$6.51 and a 52 week high of C$14.41. The company has a quick ratio of 1.92, a current ratio of 3.59 and a debt-to-equity ratio of 1.17.

Insiders Place Their Bets

In other Major Drilling Group International news, insider John Ross Davies sold 20,000 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of C$11.79, for a total transaction of C$235,800.00. Company insiders own 0.32% of the company’s stock.

Major Drilling Group International Company Profile

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services.