Canyon Services Group Inc. (FRC) PT Raised to C$8.00 at CIBC
Canyon Services Group Inc. (TSE:FRC) had its price target increased by research analysts at CIBC from C$7.50 to C$8.00 in a research note issued on Wednesday. CIBC’s price objective would indicate a potential upside of 36.05% from the stock’s previous close.
Several other equities research analysts also recently weighed in on FRC. TD Securities reduced their price target on Canyon Services Group from C$7.00 to C$6.50 and set a “buy” rating on the stock in a report on Friday, August 5th. BMO Capital Markets increased their price target on Canyon Services Group from C$5.00 to C$5.50 and gave the stock a “market perform” rating in a report on Monday, August 8th. FirstEnergy Capital increased their price target on Canyon Services Group from C$5.00 to C$6.00 and gave the stock a “market perform” rating in a report on Monday, August 8th. Scotiabank reiterated a “sector perform” rating and issued a C$6.50 price target on shares of Canyon Services Group in a report on Monday, August 8th. Finally, Canaccord Genuity increased their price target on Canyon Services Group from C$7.00 to C$7.50 in a report on Thursday, October 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$6.25.
Shares of Canyon Services Group (TSE:FRC) traded up 1.20% on Wednesday, reaching $5.88. The company’s stock had a trading volume of 310,940 shares. Canyon Services Group has a one year low of $2.85 and a one year high of $6.07. The firm has a 50-day moving average price of $5.02 and a 200 day moving average price of $5.00. The firm’s market capitalization is $505.00 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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