Trinidad Drilling (TSE:TDG) had its price objective trimmed by Raymond James Financial from C$2.80 to C$2.20 in a research report released on Wednesday morning. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on the company. Scotiabank cut Trinidad Drilling from an outperform rating to a sector perform rating and decreased their price objective for the stock from C$3.25 to C$2.50 in a report on Friday, November 10th. Royal Bank Of Canada decreased their price objective on Trinidad Drilling from C$3.50 to C$3.00 and set an outperform rating on the stock in a report on Friday, October 6th. National Bank Financial cut Trinidad Drilling from an outperform market weight rating to a sector perform overweight rating in a report on Thursday, November 9th. CIBC decreased their price objective on Trinidad Drilling from C$2.75 to C$2.50 in a report on Friday, October 20th. Finally, TD Securities cut Trinidad Drilling from a buy rating to a hold rating and decreased their price objective for the stock from C$2.25 to C$2.00 in a report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Trinidad Drilling presently has a consensus rating of Buy and a consensus target price of C$2.38.

Shares of Trinidad Drilling (TDG) opened at C$1.48 on Wednesday. Trinidad Drilling has a twelve month low of C$1.43 and a twelve month high of C$3.77.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Daily Political and is the property of of Daily Political. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.dailypolitical.com/2017/12/10/raymond-james-financial-trims-trinidad-drilling-tdg-target-price-to-c2-20.html.

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.

Analyst Recommendations for Trinidad Drilling (TSE:TDG)

Receive News & Ratings for Trinidad Drilling Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinidad Drilling Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.