Peel Hunt Reiterates Buy Rating for Capital Drilling (LON:CAPD)
Capital Drilling (LON:CAPD)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a report released on Thursday, ThisIsMoney.Co.Uk reports.
Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 84 ($1.10) price target on shares of Capital Drilling in a research note on Friday, November 22nd.
Shares of LON:CAPD traded up GBX 7 ($0.09) during trading on Thursday, reaching GBX 36 ($0.47). The company had a trading volume of 175,246 shares, compared to its average volume of 30,731. The firm’s fifty day moving average is GBX 49.90 and its 200 day moving average is GBX 60.02. The firm has a market capitalization of $49.05 million and a PE ratio of 4.86. Capital Drilling has a twelve month low of GBX 33.05 ($0.43) and a twelve month high of GBX 75 ($0.99). The company has a debt-to-equity ratio of 9.50, a quick ratio of 1.79 and a current ratio of 3.07.
Capital Drilling Limited, together with its subsidiaries, provides exploration and production drilling solutions to customers in the minerals industry. Its exploration drilling services include air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services comprise advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.
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