Today, an analyst has provided a rating update for the Conglomerates sector company, McCoy Global (TSX: MCB). Analyst John Bereznicki from Canaccord Genuity reiterated a Hold rating, with a C$1.30 price target.
According to TipRanks.com, Bereznicki is a 4-star analyst with an average return of 4.9% and a 46.3% success rate. Bereznicki covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Trinidad Drilling.
McCoy Global has an analyst consensus of Hold, with a price target consensus of C$1.30.
Based on McCoy Global’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$2.95 million. In comparison, last year the company had a GAAP net loss of C$3.39 million.
McCoy Global, Inc. engages in the provision of equipment and technologies designed to support wellbore integrity and assist with collecting critical data for the oil and gas industry. It operates through the following geographical segments: United States and Latin America; Middle East and Africa; Europe; Canada and Russia; and Asia Pacific.
The company’s shares closed on Tuesday at C$1.16.
