Research analysts at Scotiabank dropped their target price on shares of Major Drilling Group Int'l (TSE: MDI) from $13.00 to $11.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock.
Major Drilling Group Int'l traded up 0.12% on Tuesday, hitting $8.43. Major Drilling Group Int'l has a 1-year low of $8.11 and a 1-year high of $18.09. The stock’s 50-day moving average is currently $10.2. The company has a market cap of $667.2 million and a price-to-earnings ratio of 7.08.
A number of other firms have also recently commented on MDI. Analysts at CIBC cut their price target on shares of Major Drilling Group Int'l from $12.00 to $11.00 in a research note to investors on Tuesday. Separately, analysts at Mackie cut their price target on shares of Major Drilling Group Int'l from $11.00 to $10.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Major Drilling Group Int'l from $13.00 to $11.00 in a research note to investors on Thursday, February 28th. They now have a “sector perform” rating on the stock.
Major Drilling Group International Inc. is a drilling service company primarily serving the mining industry.
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