Peel Hunt Reiterates “Buy” Rating for Capital Drilling (LON:CAPD)
Peel Hunt reaffirmed their buy rating on shares of Capital Drilling (LON:CAPD) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports.
Separately, Peel Hunt reaffirmed a buy rating and issued a GBX 84 ($1.10) target price on shares of Capital Drilling in a research report on Friday, November 22nd.
Shares of Capital Drilling stock traded down GBX 1.50 ($0.02) during midday trading on Thursday, hitting GBX 50 ($0.66). The company’s stock had a trading volume of 44,689 shares, compared to its average volume of 30,731. The firm has a market capitalization of $68.12 million and a P/E ratio of 6.76. The stock has a 50-day simple moving average of GBX 59.75 and a 200-day simple moving average of GBX 61.14. The company has a quick ratio of 1.79, a current ratio of 3.07 and a debt-to-equity ratio of 9.50. Capital Drilling has a 1-year low of GBX 7.96 ($0.10) and a 1-year high of GBX 75 ($0.99).
Capital Drilling Limited, together with its subsidiaries, provides exploration and production drilling solutions to customers in the minerals industry. Its exploration drilling services include air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services comprise advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.
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