McCoy Global (MCB) Price Target Cut to C$1.30

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McCoy Global (TSE:MCB) had its target price reduced by research analysts at Canaccord Genuity from C$1.60 to C$1.30 in a report issued on Tuesday. Canaccord Genuity’s target price suggests a potential upside of 12.07% from the company’s previous close.

Shares of MCB stock traded up C$0.01 during trading hours on Tuesday, hitting C$1.16. 200 shares of the company were exchanged, compared to its average volume of 10,824. McCoy Global has a 52-week low of C$0.95 and a 52-week high of C$2.05.

McCoy Global (TSE:MCB) last issued its quarterly earnings results on Thursday, August 9th. The company reported C($0.11) earnings per share (EPS) for the quarter. McCoy Global had a negative return on equity of 27.48% and a negative net margin of 32.09%. The company had revenue of C$10.39 million for the quarter.

McCoy Global Company Profile

McCoy Global Inc, together with its subsidiaries, provides equipment and technologies to support wellbore integrity and assist with collecting critical data for the energy industry. It designs, produces, and distributes capital equipment to support wellbore integrity, as well as supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.

Further Reading: What is a Leveraged Buyout (LBO)?

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