TD Securities Increases Yellow Pages (TSE:Y) Price Target to C$9.50

Yellow Pages (TSE:Y) had its price objective raised by investment analysts at TD Securities from C$9.00 to C$9.50 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 13.23% from the stock’s previous close.

A number of other analysts also recently weighed in on Y. Royal Bank of Canada increased their price target on shares of Yellow Pages from C$9.00 to C$10.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. National Bank Financial increased their price target on shares of Yellow Pages from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th.

Shares of TSE:Y traded up C$0.14 during mid-day trading on Thursday, reaching C$8.39. The stock had a trading volume of 2,209 shares, compared to its average volume of 15,044. The company has a market cap of $224.60 million and a price-to-earnings ratio of 2.71. The stock has a 50 day moving average of C$7.67. Yellow Pages has a twelve month low of C$5.30 and a twelve month high of C$10.73.

Yellow Pages (TSE:Y) last announced its quarterly earnings results on Wednesday, May 15th. The company reported C$0.45 earnings per share for the quarter. The firm had revenue of C$104.79 million during the quarter. On average, research analysts expect that Yellow Pages will post 1.43 earnings per share for the current fiscal year.

About Yellow Pages

Yellow Pages Limited operates as a digital media and marketing solutions company. It offers a suite of apps, Websites, and print media to suit the search preferences of Canadians. The company provides digital and traditional marketing solutions, including online and mobile priority placement on Yellow Pages owned and operated media, content syndication, search engine solutions, Website fulfillment, social media campaign management and digital display advertising, video production, and print advertising to small and medium-sized businesses.

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