Precision Drilling (TSE:PD) (NYSE:PDS) had its price target cut by equities researchers at Raymond James Financial from C$5.75 to C$5.50 in a research report issued on Tuesday. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 63.20% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. TD Securities reaffirmed a “buy” rating and set a C$6.00 price target on shares of Precision Drilling in a research report on Tuesday, September 12th. Citigroup reduced their price target on shares of Precision Drilling from C$4.25 to C$4.00 in a research report on Friday, November 17th. CIBC reduced their price target on shares of Precision Drilling from C$8.00 to C$7.00 in a research report on Friday, October 20th. Canaccord Genuity reduced their price target on shares of Precision Drilling from C$4.25 to C$3.75 in a research report on Monday, October 30th. Finally, Deutsche Bank reiterated a “hold” rating and set a C$4.00 price objective on shares of Precision Drilling in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Precision Drilling presently has an average rating of “Buy” and an average target price of C$6.20.

Precision Drilling (TSE PD) opened at C$3.37 on Tuesday. Precision Drilling has a 12-month low of C$2.89 and a 12-month high of C$8.21.

COPYRIGHT VIOLATION NOTICE: “Raymond James Financial Lowers Precision Drilling (PD) Price Target to C$5.50” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://theolympiareport.com/2017/12/07/raymond-james-financial-lowers-precision-drilling-pd-price-target-to-c5-50.html.

About Precision Drilling

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.

Analyst Recommendations for Precision Drilling (TSE:PD)

Receive News & Ratings for Precision Drilling Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.