CIBC Cuts Secure Energy Services (TSE:SES) Price Target to C$15.25

Secure Energy Services (TSE:SES) had its target price dropped by analysts at CIBC from C$17.25 to C$15.25 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 21.51% from the company’s previous close.

Several other analysts also recently commented on SES. Royal Bank of Canada set a C$17.00 target price on shares of Secure Energy Services and gave the stock a “sector perform” rating in a report on Thursday, December 19th. Scotiabank dropped their price objective on shares of Secure Energy Services from C$22.00 to C$19.50 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Raymond James upped their target price on shares of Secure Energy Services from C$16.25 to C$18.00 in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$17.81.

Secure Energy Services Trading Up 1.0 %

TSE SES opened at C$12.55 on Thursday. Secure Energy Services has a one year low of C$10.81 and a one year high of C$17.13. The company has a debt-to-equity ratio of 48.24, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a market cap of C$2.92 billion, a P/E ratio of 4.92, a P/E/G ratio of 0.17 and a beta of 2.41. The stock’s 50-day moving average is C$14.52 and its 200-day moving average is C$15.04.

Secure Energy Services Company Profile

Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.