The Materials sector company, Trinidad Drilling (TSX: TDG), has received a rating update from a Wall Street analyst today. Analyst John Bereznicki from Canaccord Genuity rated Trinidad Drilling (TSX: TDG) a Buy, setting a C$2.25 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.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trinidad Drilling with a C$2.08 average price target.
Trinidad Drilling’s market cap is currently C$489.5M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.39.
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 Tuesday at C$1.82.
