National Bank Financial Trims Trinidad Drilling Ltd. (TDG) Target Price to C$1.95
Trinidad Drilling Ltd. (TSE:TDG) had its target price trimmed by National Bank Financial from C$2.60 to C$1.95 in a research note released on Friday. The brokerage currently has a sector perform rating on the stock.
A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an outperform rating for the company in a research report on Friday, October 6th. CIBC decreased their price target on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. Canaccord Genuity cut shares of Trinidad Drilling from a buy rating to a hold rating and decreased their price objective for the company from C$2.50 to C$1.90 in a research report on Wednesday, August 2nd. BMO Capital Markets raised shares of Trinidad Drilling from a market perform rating to an outperform rating and set a C$3.00 price objective for the company in a research report on Thursday, August 3rd. Finally, TD Securities cut shares of Trinidad Drilling from a buy rating to a hold rating and decreased their price objective for the company from C$2.25 to C$2.00 in a research report on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of C$2.46.
Shares of Trinidad Drilling (TDG) opened at C$1.63 on Friday. Trinidad Drilling has a 12-month low of C$1.43 and a 12-month high of C$3.77.
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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