Major Drilling Group International (TSE:MDI) Given a C$20.00 Price Target at Royal Bank Of Canada

Major Drilling Group International (TSE:MDI) has been given a C$20.00 target price by stock analysts at Royal Bank Of Canada in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 17.92% from the company’s current price.

Separately, TD Securities lifted their target price on Major Drilling Group International from C$16.00 to C$21.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Major Drilling Group International currently has an average rating of “Buy” and an average price target of C$20.50.

Major Drilling Group International Stock Down 5.1%

Shares of TSE MDI traded down C$0.92 during midday trading on Friday, hitting C$16.96. 265,236 shares of the stock traded hands, compared to its average volume of 252,644. The company has a market cap of C$1.39 billion, a PE ratio of 94.22, a P/E/G ratio of 3.45 and a beta of 1.69. Major Drilling Group International has a one year low of C$8.27 and a one year high of C$18.65. The business has a 50 day moving average price of C$16.65 and a two-hundred day moving average price of C$15.43. The company has a debt-to-equity ratio of 7.68, a quick ratio of 1.92 and a current ratio of 2.71.

Major Drilling Group International Company Profile

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada – the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada – the United States.