Secure Energy Services (TSE:SES - Free Report) had its price target cut by Scotiabank from C$22.00 to C$19.50 in a research note published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.
Other equities research analysts also recently issued research reports about the company. Raymond James increased their price objective on Secure Energy Services from C$16.25 to C$18.00 in a research report on Monday, February 24th. Royal Bank of Canada set a C$17.00 target price on Secure Energy Services and gave the company a "sector perform" rating in a report on Thursday, December 19th. Finally, CIBC lifted their price target on Secure Energy Services from C$16.00 to C$17.25 in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Secure Energy Services presently has a consensus rating of "Moderate Buy" and an average price target of C$17.81.
Read Our Latest Stock Analysis on SES
Secure Energy Services Price Performance
TSE:SES traded up C$0.12 during mid-day trading on Tuesday, reaching C$12.55. 1,352,138 shares of the stock were exchanged, compared to its average volume of 851,796. Secure Energy Services has a 1-year low of C$10.81 and a 1-year high of C$17.13. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24. The firm has a market capitalization of C$2.92 billion, a PE ratio of 4.92, a PEG ratio of 0.17 and a beta of 2.41. The business has a fifty day moving average price of C$14.47 and a 200 day moving average price of C$15.02.
About Secure Energy Services
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Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.
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