Morneau Shepell (MSI) Hits New 12-Month High at $25.20
Morneau Shepell (TSE:MSI) reached a new 52-week high during trading on Tuesday . The company traded as high as C$25.20 and last traded at C$25.16, with a volume of 9949 shares traded. The stock had previously closed at C$25.03.
A number of equities research analysts have issued reports on MSI shares. TD Securities downgraded Morneau Shepell from a “buy” rating to a “hold” rating and upped their price objective for the company from C$25.00 to C$27.00 in a research report on Friday, March 9th. Scotiabank upped their price objective on Morneau Shepell from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Friday, March 9th. National Bank Financial upped their price objective on Morneau Shepell from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, March 8th. Finally, CIBC upped their price objective on Morneau Shepell from C$24.50 to C$27.25 in a research report on Friday, March 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Morneau Shepell has an average rating of “Buy” and a consensus price target of C$25.54.
Morneau Shepell (TSE:MSI) last issued its quarterly earnings data on Wednesday, March 7th. The company reported C$0.08 earnings per share (EPS) for the quarter. Morneau Shepell had a return on equity of 4.73% and a net margin of 2.70%. The business had revenue of C$158.72 million for the quarter.
About Morneau Shepell
Morneau Shepell Inc operates as a human resources consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, and retirement solutions to assist employers in managing the financial security, health, and productivity of their employees.
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