Time to Buy Canyon Services Group Inc After Today’s Huge Increase?

 Time to Buy Canyon Services Group Inc After Today's Huge Increase?

The stock of Canyon Services Group Inc (TSE:FRC) is a huge mover today! About 895,204 shares traded hands or 252.77% up from the average. Canyon Services Group Inc (TSE:FRC) has risen 12.66% since April 26, 2016 and is uptrending. It has outperformed by 7.44% the S&P500.
The move comes after 6 months positive chart setup for the $457.35 million company. It was reported on Nov, 30 by Barchart.com. We have $5.81 PT which if reached, will make TSE:FRC worth $22.87M more.

Canyon Services Group Inc (TSE:FRC) Ratings Coverage

Out of 7 analysts covering Canyon Services Group Inc. (TSE:FRC), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $10.5 is the highest target while $4.50 is the lowest. The $7.35 average target is 32.91% above today’s ($5.53) stock price. Canyon Services Group Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Scotia Capital upgraded Canyon Services Group Inc (TSE:FRC) on Tuesday, July 21 to “Sector Perform” rating. The rating was upgraded by Raymond James to “Outperform” on Tuesday, September 8. The stock has “Outperform” rating given by IBC on Tuesday, August 25. The firm has “Buy” rating given on Tuesday, August 4 by Canaccord Genuity. Scotia Capital maintained the shares of FRC in a report on Friday, May 6 with “Sector Perform” rating. As per Tuesday, August 4, the company rating was maintained by TD Securities. The rating was maintained by TD Securities with “Buy” on Friday, September 9.

Canyon Services Group Inc. provides stimulation and fluid management services to gas and oil exploration and production companies operating in the Western Canadian Sedimentary Basin. The company has a market cap of $457.35 million. The Company’s divisions include Pressure Pumping Services and Fluid Management Services. It currently has negative earnings. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.

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