Major Drilling Group International (TSE:MDI) Price Target Lowered to C$14.00 at Royal Bank of Canada

Major Drilling Group International (TSE:MDI) had its price objective decreased by investment analysts at Royal Bank of Canada from C$15.00 to C$14.00 in a research report issued on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 57.84% from the stock’s previous close.

Separately, TD Securities decreased their price target on Major Drilling Group International from C$14.00 to C$13.00 in a report on Friday, September 6th.

Major Drilling Group International Stock Up 0.2 %

Shares of MDI stock traded up C$0.02 during trading on Tuesday, reaching C$8.87. The company’s stock had a trading volume of 32,485 shares, compared to its average volume of 114,037. Major Drilling Group International has a 1-year low of C$6.98 and a 1-year high of C$10.39. The stock’s 50-day moving average price is C$8.54 and its 200 day moving average price is C$8.86. The company has a market capitalization of C$725.92 million, a price-to-earnings ratio of 15.51, a P/E/G ratio of 3.45 and a beta of 1.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.35 and a quick ratio of 1.92.

Insiders Place Their Bets

In other news, Senior Officer Benjamin Luke Graham sold 12,400 shares of Major Drilling Group International stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.80, for a total transaction of C$109,144.95. 0.32% of the stock is owned by insiders.

Major Drilling Group International Company Profile

Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, surface drill and blast, and related mining services.