In a latest note to investors, a research analyst has provided a rating update for the Canadian Energy Serv&Tech (CEU). The company received a Buy today from National Bank’s analyst Greg Colman, with a C$5 price target.
Colman has an average return of 3.0% when recommending Canadian Energy Serv&Tech.
According to TipRanks.com, Colman is ranked #2028 out of 5236 analysts.
Canadian Energy Serv&Tech has an analyst consensus of Strong Buy, with a price target consensus of C$4.92, representing a 71.4% upside. In a report released today, Industrial Alliance Securities also maintained a Buy rating on the stock.
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Canadian Energy Serv&Tech’s market cap is currently C$816.8M and has a P/E ratio of 22.7. The company has a Price to Book ratio of 1.26.
CES Energy Solutions Corp. engages in the provision of consumable chemical solutions throughout the life-cycle of the oilfield. It includes solutions at the drill-bit through the pipeline and midstream market. The company was founded on November 13, 1986 and is headquartered in Calgary, Canada.
The company’s shares closed on Wednesday at C$2.87.
