Shares of Precision Drilling Co. (TSE:PD – Get Free Report) (NYSE:PDS) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$131.00.
A number of analysts have issued reports on PD shares. CIBC boosted their price objective on shares of Precision Drilling from C$130.00 to C$140.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. TD Securities increased their target price on Precision Drilling from C$115.00 to C$140.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. ATB Capital raised their price objective on Precision Drilling from C$120.00 to C$123.00 in a report on Thursday, August 1st. Raymond James lifted their price target on Precision Drilling from C$136.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada lifted their price target on shares of Precision Drilling from C$122.00 to C$125.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st.
Check Out Our Latest Stock Report on Precision Drilling
Precision Drilling Stock Down 1.6 %
About Precision Drilling
Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.
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