BMO Capital Markets upgraded shares of Trinidad Drilling Ltd. (TSE:TDG) from a market perform rating to an outperform rating in a research report released on Thursday morning. BMO Capital Markets currently has C$3.00 price target on the stock.
A number of other equities analysts also recently weighed in on the company. Canaccord Genuity downgraded Trinidad Drilling from a buy rating to a hold rating and cut their target price for the stock from C$2.50 to C$1.90 in a research note on Wednesday. Royal Bank Of Canada restated an outperform rating and issued a C$4.00 target price on shares of Trinidad Drilling in a research note on Wednesday, June 21st. Finally, Scotiabank boosted their target price on Trinidad Drilling from C$4.25 to C$4.50 and gave the stock an outperform rating in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$3.54.
Shares of Trinidad Drilling (TSE TDG) opened at 1.65 on Thursday. The stock has a 50 day moving average price of $1.89 and a 200-day moving average price of $2.32. The firm’s market capitalization is $460.60 million. Trinidad Drilling has a 52-week low of $1.61 and a 52-week high of $3.77.
COPYRIGHT VIOLATION NOTICE: “Trinidad Drilling Ltd. (TDG) Raised to “Outperform” at BMO Capital Markets” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://sportsperspectives.com/2017/08/06/trinidad-drilling-ltd-tdg-raised-to-outperform-at-bmo-capital-markets.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.
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.