McCoy Global (TSE:MCB) Given a C$5.50 Price Target at Beacon Securities

Key Points

• Analysts at Beacon Securities have set a target price of C$5.50 for McCoy Global (TSE: MCB), indicating a potential upside of 62.24% from the current stock price.
• McCoy Global's stock recently traded at C$3.39, with a market capitalization of C$92.46 million and a PE ratio of 12.04.
• The company specializes in providing equipment and technologies related to tubular running operations, aimed at enhancing wellbore integrity in the global energy sector.

McCoy Global (TSE:MCB - Get Free Report) has been assigned a C$5.50 target price by stock analysts at Beacon Securities in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Beacon Securities' price objective suggests a potential upside of 59.42% from the company's previous close.

McCoy Global Stock Up 1.2%

Shares of MCB traded up C$0.04 during mid-day trading on Monday, hitting C$3.45. 53,441 shares of the company traded hands, compared to its average volume of 103,741. The business has a 50 day moving average of C$3.84 and a 200 day moving average of C$3.38. The company has a market capitalization of C$94.09 million, a PE ratio of 12.25 and a beta of 0.58. The company has a quick ratio of 1.26, a current ratio of 3.07 and a debt-to-equity ratio of 6.05. McCoy Global has a 1-year low of C$1.92 and a 1-year high of C$4.48.

McCoy Global Company Profile

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts.