Major Drilling Group International (TSE:MDI) Given a C$20.00 Price Target at Royal Bank Of Canada

Major Drilling Group International (TSE:MDI) received a C$20.00 price objective from equities research analysts at Royal Bank Of Canada in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 17.92% from the stock’s previous close.

Separately, TD Securities lifted their price objective on shares of Major Drilling Group International from C$16.00 to C$21.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$20.50.

Major Drilling Group International Stock Performance

MDI stock traded down C$0.92 during mid-day trading on Friday, hitting C$16.96. The company had a trading volume of 265,236 shares, compared to its average volume of 252,644. The firm has a market cap of C$1.39 billion, a PE ratio of 94.22, a price-to-earnings-growth ratio of 3.45 and a beta of 1.69. The company has a debt-to-equity ratio of 7.68, a quick ratio of 1.92 and a current ratio of 2.71. Major Drilling Group International has a 12 month low of C$8.27 and a 12 month high of C$18.65. The stock’s fifty day moving average price is C$16.65 and its two-hundred day moving average price is C$15.43.

Major Drilling Group International Company Profile

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada – the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada – the United States.