Foraco International (TSE:FAR) Price Target Raised to C$4.50 at Desjardins

Foraco International (TSE:FAR) had its target price lifted by Desjardins from C$3.00 to C$4.50 in a research note published on Tuesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Foraco International Trading Up 5.3%

FAR stock opened at C$3.40 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.43 and a debt-to-equity ratio of 115.59. Foraco International has a twelve month low of C$1.57 and a twelve month high of C$3.42. The company has a market cap of C$334.99 million, a P/E ratio of 21.22 and a beta of 0.62. The business has a fifty day moving average of C$2.71 and a 200-day moving average of C$2.33.

About Foraco International

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.