Capital Drilling Ltd (LON: CAPD)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a GBX 35 ($0.53) target price on the stock. Canaccord Genuity’s target price would suggest a potential upside of 94.44% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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.
Shares of Capital Drilling Ltd (LON: CAPD) traded up 3.83% during mid-day trading on Wednesday, hitting GBX 18.30. Capital Drilling Ltd has a 52 week low of GBX 44.00 and a 52 week high of GBX 95.25. The stock’s 50-day moving average is currently GBX 54.94. The company’s market cap is £24.6 million.
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.