Raymond James Financial Trims Trinidad Drilling (TSE:TDG) Target Price to C$2.55

Trinidad Drilling (TSE:TDG) had its price target lowered by investment analysts at Raymond James Financial from C$2.75 to C$2.55 in a report issued on Tuesday, January 30th. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 43.26% from the stock’s current price.

TDG has been the topic of a number of other research reports. Royal Bank of Canada cut their target price on Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a research note on Friday, October 6th. GMP Securities upped their price objective on Trinidad Drilling from C$2.00 to C$2.25 in a research note on Thursday, January 18th. TD Securities cut shares of Trinidad Drilling from a “buy” rating to a “hold” rating and lowered their target price for the company from C$2.25 to C$2.00 in a report on Thursday, November 9th. CIBC lowered their target price on shares of Trinidad Drilling from C$2.75 to C$2.50 in a report on Friday, October 20th. Finally, National Bank Financial decreased 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$2.47.

Trinidad Drilling (TSE TDG) opened at C$1.78 on Tuesday. The stock has a market capitalization of $462.14, a PE ratio of -6.36 and a beta of 1.37. Trinidad Drilling has a 12 month low of C$1.43 and a 12 month high of C$2.86.

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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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