Capital Drilling Ltd (LON: CAPD)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Wednesday, AnalystRatings.Net reports. They currently have a GBX 35 ($0.53) price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 94.44% from the stock’s previous close.
Capital Drilling Ltd (LON: CAPD) opened at 17.25 on Wednesday. Capital Drilling Ltd has a 1-year low of GBX 44.00 and a 1-year high of GBX 95.25. The stock’s 50-day moving average is currently GBX 54.94. The company’s market cap is £23.2 million.
CAPD has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “buy” rating on shares of Capital Drilling Ltd in a research note to investors on Wednesday. They now have a GBX 30 ($0.46) price target on the stock.
Capital Drilling Limited is a drilling services company. The Company, along with its subsidiaries, provides drilling services, including, but not limited to, exploration, development, grade control and blast hole drilling services to mineral exploration and mining companies located in emerging and developed markets.
This article (Canaccord Genuity Reiterates “Buy” Rating for Capital Drilling Ltd (CAPD)) was originally developed by and is property of American Banking News.
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