Capital Drilling (LON:CAPD) Now Covered by Berenberg Bank

Stock analysts at Berenberg Bank assumed coverage on shares of Capital Drilling (LON:CAPD) in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm set a “buy” rating and a GBX 77 ($1.01) price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 27.27% from the company’s current price.

Separately, Peel Hunt reaffirmed a “buy” rating on shares of Capital Drilling in a research report on Thursday, March 19th.

Shares of CAPD opened at GBX 60.50 ($0.80) on Thursday. The company has a 50 day moving average price of GBX 54.05 and a 200-day moving average price of GBX 57.02. Capital Drilling has a fifty-two week low of GBX 25 ($0.33) and a fifty-two week high of GBX 75 ($0.99). The stock has a market capitalization of $82.87 million and a PE ratio of 7.96. The company has a debt-to-equity ratio of 15.98, a quick ratio of 1.29 and a current ratio of 1.92.

About Capital Drilling

Capital Drilling Limited, together with its subsidiaries, provides exploration and production drilling solutions to customers in the minerals industry. Its exploration drilling services include air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services comprise advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.

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