Raymond James Financial Inc. Raises Trinidad Drilling Ltd. (TDG) Price Target to C$3.75

Trinidad Drilling Ltd. (TSE:TDG) had its price objective raised by Raymond James Financial Inc. from C$3.40 to C$3.75 in a research note issued to investors on Friday.

A number of other equities analysts have also recently weighed in on the company. Royal Bank Of Canada reiterated an outperform rating and set a C$4.00 price target on shares of Trinidad Drilling in a report on Monday, October 3rd. Scotiabank restated a sector perform rating and set a C$3.00 target price on shares of Trinidad Drilling in a report on Thursday, August 4th. TD Securities lowered their target price on Trinidad Drilling from C$3.50 to C$3.00 and set a buy rating for the company in a report on Wednesday, August 3rd. FirstEnergy Capital upgraded Trinidad Drilling from an outperform rating to a top pick rating in a report on Tuesday, July 12th. Finally, National Bank Financial upgraded Trinidad Drilling from a sector perform market weight rating to an outperform market weight rating in a report on Tuesday, June 28th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Trinidad Drilling has a consensus rating of Buy and an average price target of C$3.40.

Trinidad Drilling (TSE:TDG) opened at 2.67 on Friday. The company’s market capitalization is $592.97 million. The firm has a 50-day moving average of $2.56 and a 200-day moving average of $2.38. Trinidad Drilling has a one year low of $1.41 and a one year high of $3.00.

About Trinidad Drilling

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.

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