Trinidad Drilling (TDG) Price Target Raised to C$2.55
Trinidad Drilling (TSE:TDG) had its price target raised by Raymond James Financial from C$2.35 to C$2.55 in a report released on Tuesday. Raymond James Financial currently has an outperform rating on the stock.
TDG has been the topic of a number of other reports. Royal Bank of Canada reduced their price target on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an outperform rating on the stock in a research report on Friday, October 6th. TD Securities downgraded shares of Trinidad Drilling from a buy rating to a hold rating and reduced their price target for the stock from C$2.25 to C$2.00 in a research report on Thursday, November 9th. CIBC reduced their price target on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. National Bank Financial reduced their price target on shares of Trinidad Drilling from C$2.60 to C$1.95 and set a sector perform rating on the stock in a research report on Friday, November 10th. Finally, Scotiabank downgraded shares of Trinidad Drilling from an outperform rating to a sector perform rating and reduced their price target for the stock from C$3.25 to C$2.50 in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of C$2.43.
Trinidad Drilling (TSE TDG) traded up C$0.01 during trading on Tuesday, hitting C$1.74. 334,621 shares of the stock were exchanged, compared to its average volume of 703,560. Trinidad Drilling has a one year low of C$1.43 and a one year high of C$3.56. The company has a market cap of $478.55, a P/E ratio of -6.21 and a beta of 1.39.
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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