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

Major Drilling Group International (TSE:MDI) had its price objective trimmed by Royal Bank of Canada from C$15.00 to C$14.00 in a report released on Tuesday,BayStreet.CA reports.

Separately, TD Securities cut their price objective 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 Performance

MDI stock opened at C$8.76 on Tuesday. Major Drilling Group International has a 1-year low of C$6.98 and a 1-year high of C$10.39. The company has a current ratio of 3.35, a quick ratio of 1.92 and a debt-to-equity ratio of 1.29. The firm has a market cap of C$716.92 million, a PE ratio of 15.37, a P/E/G ratio of 3.45 and a beta of 1.65. The business’s 50-day moving average price is C$8.57 and its two-hundred day moving average price is C$8.85.

Insider Activity at Major Drilling Group International

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

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.