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Canaccord Genuity Group Trims Trican Well Service (OTCMKTS:TOLWF) Target Price to C$5.25

Financial News Live ·  Aug 22, 2022 01:41

Trican Well Service (OTCMKTS:TOLWF – Get Rating) had its price objective trimmed by Canaccord Genuity Group from C$6.00 to C$5.25 in a research report report published on Friday morning, The Fly reports.

Several other research analysts have also commented on TOLWF. TD Securities boosted their price target on Trican Well Service from C$3.75 to C$4.25 in a research report on Thursday, May 12th. National Bank Financial raised Trican Well Service from a sector perform rating to an outperform rating in a research report on Sunday, April 24th. Royal Bank of Canada boosted their price target on Trican Well Service from C$5.50 to C$6.00 in a research report on Monday, May 16th. Finally, BMO Capital Markets boosted their price target on Trican Well Service from C$5.25 to C$5.50 in a research report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $4.71.

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Trican Well Service Trading Down 3.6 %

Shares of TOLWF stock opened at $2.70 on Friday. Trican Well Service has a twelve month low of $1.81 and a twelve month high of $3.91. The stock has a fifty day simple moving average of $2.76 and a two-hundred day simple moving average of $2.98.

Trican Well Service Company Profile

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Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services; and cement pumpers, bulk equipment, and cement auxiliary equipment.

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