BMO Capital Markets Lowers AKITA Drilling Ltd. Class A (AKT.A) Price Target to C$5.00

AKITA Drilling Ltd. Class A (TSE:AKT.A) had its target price cut by equities researchers at BMO Capital Markets from C$6.50 to C$5.00 in a report released on Wednesday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 11.36% from the company’s previous close.

TSE AKT.A opened at C$4.49 on Wednesday. AKITA Drilling Ltd. Class A has a twelve month low of C$6.52 and a twelve month high of C$9.23.

AKITA Drilling Ltd. Class A Company Profile

AKITA Drilling Ltd. (AKITA) is engaged in providing contract drilling services, primarily to the oil and gas industry. The Company is involved in other forms of drilling, including potash mining and the development of storage caverns. The Company owns and operates approximately 31 drilling rigs in Canada.

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