Trican Well Service Ltd (TCW) PT Raised to C$7.00

Trican Well Service Ltd (TSE:TCW) had its target price lifted by equities research analysts at BMO Capital Markets from C$4.50 to C$7.00 in a research note issued on Friday. BMO Capital Markets’ price objective would indicate a potential upside of 33.84% from the company’s previous close.

TCW has been the topic of a number of other research reports. National Bank Financial increased their price target on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 5th. CIBC increased their price target on Trican Well Service from C$5.75 to C$6.25 in a research report on Friday, October 20th. J P Morgan Chase & Co increased their price target on Trican Well Service from C$5.00 to C$6.00 in a research report on Monday, August 14th. GMP Securities increased their price target on Trican Well Service from C$5.00 to C$7.00 in a research report on Wednesday, September 20th. Finally, Canaccord Genuity dropped their price target on Trican Well Service from C$6.00 to C$4.50 in a research report on Tuesday, July 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$6.40.

Shares of Trican Well Service (TCW) opened at C$5.23 on Friday.

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In related news, insider Etienne Poulin sold 9,867 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of C$4.18, for a total transaction of C$41,244.06. Also, insider David R. Jones sold 50,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of C$4.59, for a total value of C$229,500.00.

About Trican Well Service

Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.

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