Morneau Shepell (TSE:MSI) Given New C$35.00 Price Target at CIBC

Morneau Shepell (TSE:MSI) had its price target lifted by research analysts at CIBC from C$32.00 to C$35.00 in a research report issued on Monday, BayStreet.CA reports. CIBC’s price target suggests a potential upside of 7.69% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. TD Securities raised their price target on shares of Morneau Shepell from C$30.00 to C$31.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. National Bank Financial raised their price target on shares of Morneau Shepell from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday.

Shares of MSI traded down C$0.43 during mid-day trading on Monday, hitting C$32.50. 78,540 shares of the company’s stock were exchanged, compared to its average volume of 94,608. The firm has a market capitalization of $2.11 billion and a P/E ratio of 125.48. Morneau Shepell has a 52 week low of C$23.64 and a 52 week high of C$33.16. The stock has a 50-day moving average of C$30.11. The company has a debt-to-equity ratio of 95.16, a quick ratio of 1.10 and a current ratio of 1.39.

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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