Trinidad Drilling Ltd. (TDG) Price Target Raised to C$3.75

Trinidad Drilling Ltd. (TSE:TDG) had its target price increased by Scotiabank from C$3.25 to C$3.75 in a report released on Thursday morning. Scotiabank currently has an outperform rating on the stock.

Several other research analysts have also recently commented on TDG. BMO Capital Markets boosted their target price on Trinidad Drilling from C$3.00 to C$3.75 in a research note on Tuesday, January 10th. Royal Bank of Canada reissued an outperform rating and set a C$5.00 target price on shares of Trinidad Drilling in a research note on Friday, February 10th. TD Securities lowered their target price on Trinidad Drilling from C$4.25 to C$4.00 and set a buy rating for the company in a research note on Friday, February 10th. Raymond James Financial, Inc. lowered their target price on Trinidad Drilling from C$4.25 to C$4.10 and set an outperform rating for the company in a research note on Wednesday, February 8th. Finally, CIBC lowered their target price on Trinidad Drilling from C$4.50 to C$4.25 in a research note on Friday, March 3rd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Trinidad Drilling has an average rating of Buy and a consensus price target of C$3.69.

Analyst Recommendations for Trinidad Drilling (TSE:TDG)

Trinidad Drilling (TSE:TDG) opened at 2.24 on Thursday. Trinidad Drilling has a 52 week low of $1.53 and a 52 week high of $3.77. The stock’s market capitalization is $603.79 million. The stock has a 50 day moving average price of $2.63 and a 200 day moving average price of $2.76.

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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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