Raymond James Financial Boosts Trinidad Drilling (TDG) Price Target to C$2.55

Trinidad Drilling (TSE:TDG) had its target price upped by research analysts at Raymond James Financial from C$2.35 to C$2.55 in a report released on Tuesday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 48.26% from the company’s current price.

A number of other analysts also recently issued reports on TDG. National Bank Financial dropped their price target on shares of Trinidad Drilling from C$2.60 to C$1.95 and set a “sector perform” rating on the stock in a report on Friday, November 10th. TD Securities downgraded shares of Trinidad Drilling from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$2.25 to C$2.00 in a report on Thursday, November 9th. CIBC dropped their price objective on shares of Trinidad Drilling from C$2.75 to C$2.50 in a report on Friday, October 20th. Royal Bank of Canada dropped their price objective on shares of 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. Finally, Scotiabank downgraded shares of Trinidad Drilling from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$3.25 to C$2.50 in a report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Trinidad Drilling has an average rating of “Buy” and an average price target of C$2.43.

Shares of Trinidad Drilling (TSE TDG) traded up C$0.03 during midday trading on Tuesday, hitting C$1.72. 822,703 shares of the stock were exchanged, compared to its average volume of 739,249. The stock has a market cap of $470.35, a P/E ratio of -6.14 and a beta of 1.39. Trinidad Drilling has a 12-month low of C$1.43 and a 12-month high of C$3.56.

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Trinidad Drilling Company Profile

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)

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