Major Drilling Group Int'l (MDI) Given New C$8.00 Price Target at TD Securities

Major Drilling Group Int'l (TSE:MDI) had its price objective decreased by TD Securities from C$9.00 to C$8.00 in a research report sent to investors on Monday morning. TD Securities currently has a hold rating on the stock.

A number of other analysts also recently issued reports on MDI. Eight Capital raised Major Drilling Group Int'l from a neutral rating to a buy rating in a research note on Wednesday, September 20th. Beacon Securities downgraded Major Drilling Group Int'l from a buy rating to a hold rating in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of C$8.19.

Shares of Major Drilling Group Int'l (TSE:MDI) opened at C$6.20 on Monday. Major Drilling Group Int'l has a 52 week low of C$6.10 and a 52 week high of C$8.69.

In other Major Drilling Group Int'l news, insider Denis Joseph Larocque acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of C$6.57 per share, with a total value of C$65,700.00. Also, Director David Buchanan Tennant acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average cost of C$6.60 per share, with a total value of C$33,000.00. Insiders have purchased a total of 23,275 shares of company stock valued at $155,575 over the last three months.

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Major Drilling Group Int'l Company Profile

Major Drilling Group International Inc is a drilling services company. The Company is engaged in the business of contract drilling for companies primarily involved in mining and mineral exploration. The Company operates through three geographical segments, which include Canada – U.S., South and Central America, and Asia and Africa.

Analyst Recommendations for Major Drilling Group Int'l (TSE:MDI)

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