Capital Drilling Ltd (CAPD) Stock Rating Reaffirmed by FinnCap

Capital Drilling Ltd (LON:CAPD)‘s stock had its “corporate” rating reissued by FinnCap in a research report issued on Friday. They presently have a GBX 109 ($1.44) price objective on the stock. FinnCap’s target price indicates a potential upside of 183.12% from the company’s previous close.

Capital Drilling (LON:CAPD) opened at 38.50 on Friday. Capital Drilling has a 12 month low of GBX 35.60 and a 12 month high of GBX 66.00. The firm’s market capitalization is GBX 52.07 million. The firm’s 50-day moving average is GBX 39.12 and its 200-day moving average is GBX 46.35.

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About Capital Drilling

Capital Drilling Limited is a drilling services contractor. The Company is engaged in offering a range of drilling services and solutions to mining and exploration companies, starting from the exploration phase of the mining cycle through to production. The Company operates through two segments: Africa, which provides drilling services, and Rest of world, which provides drilling services and related logistic, equipment rental and Information Technology (IT) support services.

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