Royal Bank Of Canada reiterated their outperform rating on shares of Trinidad Drilling Ltd. (TSE:TDG) in a research note published on Monday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$4.00 target price on the stock.
TDG has been the subject of a number of other reports. Scotiabank reiterated a sector perform rating and issued a C$2.00 price target on shares of Trinidad Drilling in a research report on Tuesday, June 28th. National Bank Financial upgraded shares of Trinidad Drilling from a sector perform market weight rating to an outperform market weight rating in a research report on Tuesday, June 28th. FirstEnergy Capital upgraded shares of Trinidad Drilling from an outperform rating to a top pick rating in a research report on Tuesday, July 12th. Paradigm Capital reiterated a buy rating and issued a C$3.00 price target on shares of Trinidad Drilling in a research report on Tuesday, June 28th. Finally, TD Securities dropped their price target on shares of Trinidad Drilling from C$3.50 to C$3.00 and set a buy rating for the company in a research report on Wednesday, August 3rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of C$3.37.
Trinidad Drilling (TSE:TDG) opened at 2.54 on Monday. The company’s market capitalization is $564.10 million. Trinidad Drilling has a 12 month low of $1.41 and a 12 month high of $3.02. The firm has a 50-day moving average price of $2.55 and a 200-day moving average price of $2.35.
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.
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