Several other analysts have also weighed in on the stock. Scotiabank reiterated a sector outperform rating on shares of Canyon Services Group in a research note on Tuesday. TD Securities reiterated a buy rating and issued a C$6.50 price objective on shares of Canyon Services Group in a research note on Friday, September 9th. CIBC lowered their price objective on shares of Canyon Services Group from C$8.00 to C$7.00 and set a sector outperform rating for the company in a research note on Thursday, August 25th. FirstEnergy Capital lifted their price objective on shares of Canyon Services Group from C$5.00 to C$6.00 and gave the company a market perform rating in a research note on Monday, August 8th. Finally, BMO Capital Markets lifted their price objective on shares of Canyon Services Group from C$5.00 to C$5.50 and gave the company a market perform rating in a research note on Monday, August 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$6.27.
Shares of Canyon Services Group (TSE:FRC) traded down 0.17% during trading on Thursday, hitting $5.83. 27,600 shares of the stock traded hands. The stock’s market cap is $500.70 million. The stock has a 50 day moving average price of $4.96 and a 200-day moving average price of $4.93. Canyon Services Group has a 1-year low of $2.85 and a 1-year high of $5.98.
About Canyon Services Group
Canyon Services Group Inc provides stimulation and fluid management services to oil and gas exploration and production companies operating in the Western Canadian Sedimentary Basin. The Company’s segments include Pressure Pumping Services and Fluid Management Services. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.
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