Calfrac Well Services Ltd (TSE:CFW) received a C$5.00 price objective from Scotiabank in a research note issued to investors on Thursday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 40.06% from the company’s previous close.
A number of other research firms also recently weighed in on CFW. BMO Capital Markets raised their target price on shares of Calfrac Well Services from C$3.25 to C$6.50 in a research report on Tuesday, January 10th. Canaccord Genuity raised their target price on shares of Calfrac Well Services from C$4.25 to C$5.25 in a research report on Tuesday, January 10th. CIBC raised their target price on shares of Calfrac Well Services from C$4.25 to C$6.25 in a research report on Wednesday, January 25th. Finally, Simmons raised their target price on shares of Calfrac Well Services from C$2.50 to C$5.50 in a research report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Calfrac Well Services presently has an average rating of “Hold” and an average price target of C$4.77.