Trinidad Drilling Ltd. (TDG) Earns Outperform Rating from Royal Bank Of Canada
Royal Bank Of Canada reiterated their outperform rating on shares of Trinidad Drilling Ltd. (TSE:TDG) in a research report report published on Wednesday, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$4.00 price target on the stock.
A number of other analysts have also recently weighed in on TDG. CIBC lowered their price target on Trinidad Drilling from C$4.50 to C$4.25 in a research report on Friday, March 3rd. Scotiabank reiterated a sector perform rating and issued a C$3.25 price target on shares of Trinidad Drilling in a research report on Friday, March 3rd. National Bank Financial lowered their price target on Trinidad Drilling from C$3.75 to C$3.25 in a research report on Thursday, March 2nd. BMO Capital Markets lowered their price target on Trinidad Drilling from C$3.75 to C$3.00 and set a market perform rating on the stock in a research report on Thursday, May 11th. Finally, Raymond James Financial, Inc. set a C$4.10 price target on Trinidad Drilling and gave the company an outperform rating in a research report on Thursday, March 16th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of C$3.84.
Shares of Trinidad Drilling (TSE TDG) opened at 1.92 on Wednesday. Trinidad Drilling has a 1-year low of $1.78 and a 1-year high of $3.77. The company’s market capitalization is $517.53 million. The firm has a 50-day moving average price of $2.14 and a 200-day moving average price of $2.61.
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Trinidad Drilling Company Profile
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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