Raymond James Financial Cuts Precision Drilling (PD) Price Target to C$5.50

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target cut by Raymond James Financial from C$5.75 to C$5.50 in a report issued on Tuesday. They currently have a strong-buy rating on the stock.

PD has been the subject of a number of other reports. Canaccord Genuity decreased their price target on Precision Drilling from C$4.25 to C$3.75 in a report on Monday, October 30th. BMO Capital Markets reaffirmed an outperform rating and set a C$6.00 target price on shares of Precision Drilling in a research note on Monday, October 30th. TD Securities reaffirmed a buy rating and set a C$6.00 target price on shares of Precision Drilling in a research note on Tuesday, September 12th. Deutsche Bank reaffirmed a hold rating and set a C$4.00 target price on shares of Precision Drilling in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada reduced their target price on Precision Drilling from C$7.00 to C$6.00 and set an outperform rating for the company in a research note on Friday, October 6th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of C$6.20.

Precision Drilling (PD) opened at C$3.42 on Tuesday. Precision Drilling has a twelve month low of C$2.89 and a twelve month high of C$8.21.

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Precision Drilling Company Profile

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)

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