Royal Bank Of Canada Trims Trinidad Drilling Ltd. (TDG) Target Price to C$3.00
Trinidad Drilling Ltd. (TSE:TDG) had its price target decreased by Royal Bank Of Canada from C$3.50 to C$3.00 in a research report report published on Friday. Royal Bank Of Canada currently has an outperform rating on the stock.
A number of other brokerages also recently issued reports on TDG. Canaccord Genuity decreased their price target on Trinidad Drilling from C$3.50 to C$2.50 in a report on Tuesday, July 11th. National Bank Financial decreased their price target on Trinidad Drilling from C$3.25 to C$2.60 in a report on Thursday, August 3rd. BMO Capital Markets raised Trinidad Drilling from a market perform rating to an outperform rating and set a C$3.00 price target for the company in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. decreased their price target on Trinidad Drilling from C$3.80 to C$2.80 and set a speculative buy rating for the company in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of C$3.26.
Shares of Trinidad Drilling (TSE TDG) opened at 1.77 on Friday. Trinidad Drilling has a 1-year low of $1.52 and a 1-year high of $3.77. The company’s market cap is $477.10 million. The firm’s 50-day moving average is $1.70 and its 200-day moving average is $1.97.
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About Trinidad Drilling
Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with operations in Canada and the United States. The Company operates through five segments, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate.
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