Scotiabank Issues Pessimistic Forecast for Secure Energy Services (TSE:SES) Stock Price

Secure Energy Services (TSE:SES) had its target price lowered by stock analysts at Scotiabank from C$22.00 to C$19.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 44.44% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada set a C$17.00 target price on Secure Energy Services and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. CIBC upped their price target on Secure Energy Services from C$16.00 to C$17.25 in a report on Tuesday, December 17th. Finally, Raymond James increased their price objective on shares of Secure Energy Services from C$16.25 to C$18.00 in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Secure Energy Services presently has an average rating of “Moderate Buy” and an average target price of C$18.03.

Secure Energy Services Stock Performance

TSE:SES opened at C$13.50 on Tuesday. Secure Energy Services has a twelve month low of C$10.81 and a twelve month high of C$17.13. The firm has a market capitalization of C$3.14 billion, a price-to-earnings ratio of 5.29, a PEG ratio of 0.17 and a beta of 2.41. 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’s fifty day simple moving average is C$14.57 and its 200 day simple moving average is C$15.05.

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.