Trinidad Drilling (TSX: TDG), the Materials sector company, was revisited by a Wall Street analyst yesterday. The company received a Buy rating from BMO Capital’s analyst Michael Mazar, with a C$2 price target.
According to TipRanks.com, Mazar is ranked #1754 out of 4850 analysts.
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Currently, the analyst consensus on Trinidad Drilling is a Strong Buy with an average price target of C$2.25, which is a 55.2% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$2 price target.
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The company has a one-year high of C$2.11 and a one-year low of C$1.33. Currently, Trinidad Drilling has an average volume of 513.7K.
Trinidad Drilling Ltd. is an industry-leading contract driller, providing safe, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad’s drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry.
The company’s shares closed on Wednesday at C$1.45, close to its 52-week low of C$1.33.
