Scotiabank Reiterates “Outperform” Rating for Morneau Shepell Inc (MSI)
Morneau Shepell Inc (TSE:MSI)‘s stock had its “outperform” rating reiterated by investment analysts at Scotiabank in a report issued on Wednesday. They currently have a C$19.00 price objective on the stock. Scotiabank’s price target suggests a potential upside of 0.80% from the company’s current price.
A number of other equities research analysts have also recently commented on the stock. CIBC upped their target price on shares of Morneau Shepell from C$20.00 to C$24.00 in a report on Monday, October 24th. TD Securities upped their target price on shares of Morneau Shepell from C$19.50 to C$21.00 and gave the company a “buy” rating in a report on Friday, August 5th.
Shares of Morneau Shepell (TSE:MSI) opened at 18.85 on Wednesday. The company has a 50-day moving average price of $19.52 and a 200 day moving average price of $18.34. The firm has a market capitalization of $1.00 billion and a PE ratio of 67.08. Morneau Shepell has a 12-month low of $13.35 and a 12-month high of $20.52.
About Morneau Shepell
Morneau Shepell Inc is a Canada-based company, which provides health and productivity, administrative and retirement solutions to assist employers in managing the financial security, health and productivity of their employees. The Company offers its services to organizations that are situated in Canada, the United States and internationally.
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