Scotiabank Reiterates “Sector Outperform” Rating for Canyon Services Group Inc. (FRC)
Other research analysts have also issued reports about the stock. TD Securities lowered their target price on shares of Canyon Services Group from C$7.00 to C$6.50 and set a buy rating on the stock in a research note on Friday, August 5th. FirstEnergy Capital raised their target price on shares of Canyon Services Group from C$5.00 to C$6.00 and gave the company a market perform rating in a research note on Monday, August 8th. BMO Capital Markets increased their price target on shares of Canyon Services Group from C$5.00 to C$5.50 and gave the company a market perform rating in a report on Monday, August 8th. Finally, CIBC reduced their price target on shares of Canyon Services Group from C$8.00 to C$7.00 and set a sector outperform rating for the company in a report on Thursday, August 25th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$6.15.
Canyon Services Group (TSE:FRC) opened at 5.78 on Tuesday. The firm has a 50-day moving average of $4.98 and a 200 day moving average of $4.95. Canyon Services Group has a 52-week low of $2.85 and a 52-week high of $5.98. The company’s market cap is $496.41 million.
Canyon Services Group Company Profile
Canyon Services Group Inc provides stimulation and fluid management services to oil and gas exploration and production companies operating in the Western Canadian Sedimentary Basin. The Company’s segments include Pressure Pumping Services and Fluid Management Services. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.
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