Royal Bank Of Canada Issues Positive Forecast for Secure Energy Services (TSE:SES) Stock Price

Secure Energy Services (TSE:SES) had its price objective increased by research analysts at Royal Bank Of Canada from C$18.00 to C$21.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 8.25% from the stock’s previous close.

SES has been the subject of several other research reports. Stifel Nicolaus increased their price target on shares of Secure Energy Services from C$23.50 to C$26.00 and gave the stock a “buy” rating in a research report on Monday. Scotiabank increased their target price on Secure Energy Services from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Monday. Raymond James Financial boosted their price target on Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. National Bank Financial lifted their price objective on Secure Energy Services from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday. Finally, BMO Capital Markets boosted their target price on shares of Secure Energy Services from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$21.63.

Secure Energy Services Stock Performance

Secure Energy Services stock traded down C$0.54 on Monday, hitting C$19.40. The company’s stock had a trading volume of 266,789 shares, compared to its average volume of 426,584. Secure Energy Services has a one year low of C$12.04 and a one year high of C$21.15. The firm has a market cap of C$4.23 billion, a P/E ratio of 39.59, a price-to-earnings-growth ratio of 0.17 and a beta of 0.67. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. The company has a fifty day moving average price of C$17.62 and a 200-day moving average price of C$17.67.

Secure Energy Services Company Profile

SECURE is a leading waste management and energy infrastructure business headquartered in Calgary, Alberta. The Corporation’s extensive infrastructure network located throughout western Canada and North Dakota includes waste processing and transfer facilities, industrial landfills, metal recycling facilities, crude oil and water gathering pipelines, crude oil terminals and storage facilities. Through this infrastructure network, the Corporation carries out its principal business operations, including the collection, processing, recovery, recycling and disposal of waste streams generated by our energy and industrial customers and gathering, optimization, terminalling and storage of crude oil and natural gas liquids.