Raymond James Financial Inc. Increases Trinidad Drilling Ltd. (TDG) Price Target to C$3.75
Trinidad Drilling Ltd. (TSE:TDG) had its target price lifted by investment analysts at Raymond James Financial Inc. from C$3.40 to C$3.75 in a note issued to investors on Friday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price objective suggests a potential upside of 38.38% from the stock’s previous close.
Several other brokerages also recently weighed in on TDG. Paradigm Capital reiterated a “buy” rating and issued a C$3.00 price target on shares of Trinidad Drilling in a report on Tuesday, June 28th. Scotiabank reiterated a “sector perform” rating and issued a C$3.00 price target on shares of Trinidad Drilling in a report on Thursday, August 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$4.00 price target on shares of Trinidad Drilling in a report on Monday. TD Securities reduced their price target on Trinidad Drilling from C$3.50 to C$3.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Finally, National Bank Financial upgraded Trinidad Drilling from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$3.40.
Trinidad Drilling (TSE:TDG) traded down 0.37% on Friday, hitting $2.70. The stock had a trading volume of 301,257 shares. The firm’s market cap is $599.63 million. Trinidad Drilling has a 52-week low of $1.41 and a 52-week high of $3.00. The company has a 50-day moving average price of $2.56 and a 200 day moving average price of $2.36.
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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