RBC Maintains Outperform on Major Drilling (MJDLF) Feb 2026, PT C$20
On February 24, 2026 RBC Capital maintained an Outperform rating on Major Drilling Group International Inc. (MJDLF) and raised its price target to C$20 from C$17. This MJDLF analyst rating update is the only change reported that day and sent a modest market signal: the stock moved about +0.31% ($0.04) on the notice. The action and new price target reflect RBC’s view on demand for drilling services and near-term contract visibility.
MJDLF analyst rating: the RBC action on Feb 24, 2026
RBC Capital on February 24, 2026 maintained an Outperform rating for Major Drilling and raised its price target to C$20 from C$17. The firm framed the change as a recalibration of valuation assumptions rather than a shift in business outlook. The note was reported by TheFly and is the only analyst action recorded for MJDLF on that date source.
Price target and market reaction to this MJDLF analyst rating
RBC’s new C$20 price target raises the ceiling for projected upside versus the prior C$17 target. The announcement coincided with a small price uptick of +0.31% ($0.04), showing a muted but positive investor response. Given Major Drilling’s market cap of $1,050,275,021, the revised target tightens expectations for medium-term returns.
Analyst coverage history and context for MJDLF analyst rating
Analyst coverage of Major Drilling has been concentrated among a small set of firms, with RBC Capital one of the more active North American coverage houses for the company. This maintained Outperform continues RBC’s track record of bullish ratings on drillers when contract visibility improves. Investors should note this update is maintenance, not a fresh upgrade or downgrade.
What the MJDLF analyst rating means for investors
A maintained Outperform signals RBC expects Major Drilling to outpace peers but does not imply immediate acceleration. For investors, the revised C$20 target suggests upside versus current trading levels and supports selective accumulation for risk-tolerant portfolios. Conservative investors should weigh contract cadence and cash flow before increasing exposure.
Meyka AI grade and how it aligns with the MJDLF analyst rating
Meyka AI rates MJDLF with a grade of B+. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Use Meyka AI’s real-time view for ongoing monitoring on the Meyka stock page.
Actionable takeaways tied to the MJDLF analyst rating
RBC’s maintained Outperform and higher target support a constructive stance but signal moderate conviction rather than a full-throated upgrade. Short-term traders may watch for follow-through above the implied share price tied to C$20. Long-term investors should track contract wins, equipment utilization, and cash flow against RBC’s assumptions.
Final Thoughts
RBC Capital’s decision on February 24, 2026 to maintain an Outperform rating on Major Drilling Group International Inc. (MJDLF) and lift the price target to C$20 from C$17 is a measured positive for the stock. The MJDLF analyst rating keeps the company in a favorable light among analysts while reflecting improved valuation assumptions. For investors, the update suggests potential upside but not a dramatic change in fundamentals. Given Major Drilling’s market cap of $1,050,275,021, the move tightens the return profile and supports selective buying for those comfortable with drilling-sector cyclicality. Meyka AI rates MJDLF with a grade of B+; this grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guarantees and we are not financial advisors. Track future analyst notes and operational updates to see if the maintained Outperform converts into a clearer buy signal.
FAQs
What did RBC do in the latest MJDLF analyst rating update?
On February 24, 2026 RBC Capital maintained an Outperform rating on MJDLF and raised the price target to C$20 from C$17, a change reported by TheFly that produced a small positive price reaction.
How should investors interpret a maintained Outperform in the MJDLF analyst rating?
A maintained Outperform means RBC still expects MJDLF to beat peers, but it is not a fresh upgrade. The raised C$20 target reflects adjusted valuation assumptions rather than new fundamental shifts.
Does the MJDLF analyst rating include a price target change?
Yes. RBC raised the price target to C$20 from C$17 on February 24, 2026, a key detail investors can use to gauge potential upside versus current trading levels.
How does Meyka AI view the MJDLF analyst rating?
Meyka AI notes the maintained Outperform and assigns MJDLF a B+ grade based on benchmarks, sector performance, growth, metrics, and analyst consensus, for ongoing monitoring and analysis.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.