Morneau Shepell (TSE:MSI) Price Target Raised to C$37.00

Morneau Shepell (TSE:MSI) had its price objective hoisted by stock analysts at Scotiabank from C$36.00 to C$37.00 in a research report issued on Monday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 16.79% from the company’s current price.

Other equities analysts have also issued reports about the company. CIBC upped their target price on Morneau Shepell from C$38.00 to C$43.00 and gave the stock a “na” rating in a research note on Friday, March 12th. National Bank Financial upped their target price on Morneau Shepell to C$39.00 and gave the stock an “outperform” rating in a research note on Friday. TD Securities upped their target price on Morneau Shepell from C$35.00 to C$38.00 and gave the stock a “na” rating in a research note on Friday, March 12th. National Bankshares upped their target price on Morneau Shepell from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets upped their target price on Morneau Shepell from C$37.00 to C$38.00 and gave the stock a “na” rating in a research note on Friday, March 12th. Three research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of C$39.50.

MSI traded up C$0.14 during trading on Monday, reaching C$31.68. 167,108 shares of the company were exchanged, compared to its average volume of 128,248. The company’s 50-day moving average is C$31.87 and its two-hundred day moving average is C$31.10. The company has a market cap of C$2.18 billion and a price-to-earnings ratio of 82.10. The company has a quick ratio of 1.16, a current ratio of 1.39 and a debt-to-equity ratio of 86.17. Morneau Shepell has a 12-month low of C$26.22 and a 12-month high of C$34.28.

Morneau Shepell (TSE:MSI) last issued its quarterly earnings data on Wednesday, March 10th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.05. The company had revenue of C$249.64 million for the quarter, compared to analysts’ expectations of C$246.70 million. Equities analysts forecast that Morneau Shepell will post 1.0499999 earnings per share for the current year.

Morneau Shepell Company Profile

Morneau Shepell Inc provides technology based human resources consulting services in Canada, the United States, and internationally. It 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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