Trinidad Drilling Ltd. (TDG) Downgraded by Scotiabank

Scotiabank lowered shares of Trinidad Drilling Ltd. (TSE:TDG) from an outperform rating to a sector perform rating in a research note published on Friday morning. Scotiabank currently has C$2.50 price objective on the stock, down from their previous price objective of C$3.25.

TDG has been the topic of a number of other research reports. TD Securities lowered shares of Trinidad Drilling from a buy rating to a hold rating and lowered their price objective for the company from C$2.25 to C$2.00 in a research note on Thursday. National Bank Financial lowered their price objective on shares of Trinidad Drilling from C$3.25 to C$2.60 in a research note on Thursday, August 3rd. Canaccord Genuity lowered shares of Trinidad Drilling from a buy rating to a hold rating and lowered their price objective for the company from C$2.50 to C$1.90 in a research note on Wednesday, August 2nd. CIBC lowered their price objective on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research note on Friday, October 20th. Finally, Raymond James Financial, Inc. lowered their price objective on shares of Trinidad Drilling from C$3.80 to C$2.80 and set a speculative buy rating on the stock in a research note on Tuesday, August 22nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Trinidad Drilling currently has an average rating of Hold and an average target price of C$2.46.

Trinidad Drilling (TDG) opened at C$1.63 on Friday. Trinidad Drilling has a 12 month low of C$1.43 and a 12 month high of C$3.77.

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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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