Source Energy Services (SHLE) Price Target Cut to C$8.00 by Analysts at Royal Bank of Canada

Source Energy Services (TSE:SHLE) had its price objective decreased by research analysts at Royal Bank of Canada from C$9.00 to C$8.00 in a research report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 53.85% from the stock’s previous close.

SHLE has been the topic of several other reports. Scotiabank lowered their price target on Source Energy Services from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a report on Friday, March 16th. CIBC lowered their price target on Source Energy Services from C$12.50 to C$11.00 in a report on Wednesday, February 21st. BMO Capital Markets lowered their price target on Source Energy Services from C$14.00 to C$9.00 and set an “outperform” rating on the stock in a report on Friday, March 16th. Canaccord Genuity reduced their price objective on Source Energy Services from C$12.50 to C$11.50 in a research note on Tuesday, February 6th. Finally, Cowen reduced their price objective on Source Energy Services from C$15.00 to C$11.00 in a research note on Friday. Six research analysts have rated the stock with a buy rating, Source Energy Services has an average rating of “Buy” and a consensus target price of C$10.29.

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Shares of TSE SHLE traded up C$0.12 during midday trading on Tuesday, hitting C$5.20. 43,386 shares of the stock traded hands, compared to its average volume of 97,944. Source Energy Services has a one year low of C$4.40 and a one year high of C$10.37.

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Source Energy Services Company Profile

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand primarily to the Western Canadian Sedimentary Basin. The company was founded in 2017 and is headquartered in Calgary, Canada.

Analyst Recommendations for Source Energy Services (TSE:SHLE)

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