Trinidad Drilling (TDG) Upgraded to “Buy” by TD Securities
TD Securities upgraded shares of Trinidad Drilling (TSE:TDG) from a hold rating to a buy rating in a report published on Tuesday morning. They currently have C$2.50 price target on the stock, up from their prior price target of C$2.00.
Several other brokerages have also weighed in on TDG. Scotiabank lowered Trinidad Drilling from an outperform rating to a sector perform rating and decreased their price objective for the stock from C$3.25 to C$2.50 in a report on Friday, November 10th. GMP Securities lifted their price objective on Trinidad Drilling from C$2.00 to C$2.25 in a report on Thursday, January 18th. Royal Bank of Canada decreased their price objective on Trinidad Drilling from C$3.50 to C$3.00 and set an outperform rating on the stock in a report on Friday, October 6th. National Bank Financial decreased their price objective on Trinidad Drilling from C$2.60 to C$1.95 and set a sector perform rating on the stock in a report on Friday, November 10th. Finally, Raymond James Financial lifted their price objective on Trinidad Drilling from C$2.20 to C$2.35 and gave the stock an outperform rating in a report on Monday, December 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of C$2.46.
Trinidad Drilling (TSE TDG) opened at C$1.77 on Tuesday. The company has a market capitalization of $494.96, a P/E ratio of -6.32 and a beta of 1.39. Trinidad Drilling has a 1 year low of C$1.43 and a 1 year high of C$3.12.
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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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