Key Points
- Insider sale: Benjamin Luke Graham sold 10,000 shares on January 29 at an average price of C$16.32, a transaction totaling C$163,200.
- Analyst sentiment has firmed recently—Royal Bank of Canada raised its target to C$17.00 and TD Securities to C$16.00 (with a "buy" rating); the consensus rating is "Buy" with a C$16.50 price target.
- Major Drilling trades with a market cap of C$1.23 billion, a P/E of 78.63 and a 52‑week range of C$6.51–C$17.00, opening at C$14.94 on the most recent trading day.
Major Drilling Group International Inc. (TSE:MDI - Get Free Report) insider Benjamin Luke Graham sold 10,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$16.32, for a total transaction of C$163,200.00.
Major Drilling Group International Stock Performance
Shares of MDI stock opened at C$14.94 on Friday. The company has a market cap of C$1.23 billion, a P/E ratio of 78.63, a PEG ratio of 3.45 and a beta of 1.35. The business has a 50 day moving average of C$13.76 and a two-hundred day moving average of C$11.74. Major Drilling Group International Inc. has a 52 week low of C$6.51 and a 52 week high of C$17.00. The company has a quick ratio of 1.92, a current ratio of 3.59 and a debt-to-equity ratio of 1.17.
Analyst Ratings Changes
A number of research analysts recently commented on MDI shares. Royal Bank Of Canada upped their price objective on Major Drilling Group International from C$14.00 to C$17.00 in a research note on Tuesday, December 16th. TD Securities upped their price target on shares of Major Drilling Group International from C$13.00 to C$16.00 and gave the stock a "buy" rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$16.50.
Check Out Our Latest Report on Major Drilling Group International
Major Drilling Group International Company Profile
(
Get Free Report)
Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada - the United States.
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