Canaccord Genuity Maintains a Hold Rating on McCoy Global (MCB)

By Jason Carr

In a new note to investors today, an analyst has provided a rating update for the Conglomerates sector company, McCoy Global (MCBResearch Report). Analyst Anthony Petrucci from Canaccord Genuity rated McCoy Global (MCBResearch Report) a Hold, setting a C$1.25 price target.

According to TipRanks.com, Petrucci ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -20.0% and a 19.8% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Athabasca Oil Corporation, and Trican Well Service Ltd.

McCoy Global has an analyst consensus of Hold, with a price target consensus of C$1.30.

McCoy Global’s market cap is currently C$30.31M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.80.

McCoy Global, Inc. engages in the provision of equipment and technologies designed to support wellbore integrity and assist with collecting critical data for the oil and gas industry. It operates through the following geographical segments: United States and Latin America; Middle East and Africa; Europe; Canada and Russia; and Asia Pacific.

The company’s shares closed on Wednesday at C$1.10.