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

Major Drilling Group International (TSE:MDI) had its target price boosted by Royal Bank Of Canada from C$17.00 to C$20.00 in a report issued on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, TD Securities boosted their price objective on shares of Major Drilling Group International from C$13.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Major Drilling Group International has a consensus rating of “Buy” and a consensus price target of C$18.00.

Major Drilling Group International Stock Up 2.1%

Shares of TSE:MDI opened at C$17.50 on Tuesday. The company has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 92.11, a price-to-earnings-growth ratio of 3.45 and a beta of 1.51. The company has a 50 day moving average of C$14.82 and a two-hundred day moving average of C$12.65. Major Drilling Group International has a 52-week low of C$6.51 and a 52-week high of C$17.60. The company has a quick ratio of 1.92, a current ratio of 3.59 and a debt-to-equity ratio of 1.17.

Insider Transactions at Major Drilling Group International

In related news, insider Benjamin Luke Graham sold 10,000 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$16.32, for a total value of C$163,200.00. 0.32% of the stock is owned by corporate insiders.

About Major Drilling Group International

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.