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Canaccord Genuity Downgrades Trinidad Drilling (TDG) to Hold


Trinidad Drilling (TDG) has received a rating update from a Wall Street analyst today. Canaccord Genuity’s analyst John Bereznicki downgraded TDG to Hold , with a C$1.68 price target.

According to TipRanks.com, Bereznicki is a 4-star analyst with an average return of 4.7% and a 45.9% success rate. Bereznicki covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Trinidad Drilling.

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Trinidad Drilling has an analyst consensus of Hold, with a price target consensus of C$1.89.

Trinidad Drilling’s market cap is currently C$459.4M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.36.

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 Friday at C$1.68.