Raymond James Forecasts Strong Price Appreciation for Secure Energy Services (TSE:SES) Stock

Secure Energy Services (TSE:SES) had its target price lifted by equities researchers at Raymond James from C$16.25 to C$18.00 in a report released on Monday,BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 24.40% from the company’s current price.

Other analysts have also issued research reports about the stock. Scotiabank boosted their price objective on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. CIBC boosted their target price on shares of Secure Energy Services from C$16.00 to C$17.25 in a report on Tuesday, December 17th. ATB Capital boosted their target price on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada set a C$17.00 target price on shares of Secure Energy Services and gave the stock a “sector perform” rating in a report on Thursday, December 19th. Finally, Eight Capital boosted their target price on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Secure Energy Services presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.48.

Secure Energy Services Stock Performance

Shares of SES opened at C$14.47 on Monday. The firm’s 50 day moving average price is C$15.45 and its two-hundred day moving average price is C$14.45. The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13. The firm has a market cap of C$3.37 billion, a P/E ratio of 5.67, a PEG ratio of 0.17 and a beta of 2.41. Secure Energy Services has a twelve month low of C$10.57 and a twelve month high of C$17.13.

About Secure Energy Services

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.