Scotiabank Raises Target Price for GDI Integrated Installation Services (TSE:GDI) to C$53.00

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GDI Embedded Installation Services (TSE: GDI – Get Assessment) had its price target raised by Scotiabank equity researchers from C$52.50 to C$53.00 in a research note released to investors on Tuesday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 14.89% from the current share price.

Several other equity research analysts have also recently commented on the company. National Bankshares lowered its target price on GDI Integrated Facility Services from CA$70.50 to CA$64.50 and set an “outperform” rating for the company in a Tuesday, Aug. 9 research note. Cormark lowered its target price on GDI Integrated Facility Services from C$64.00 to C$62.00 and set an “not updated” rating for the company in a Tuesday, August 9 research note. One research analyst gave the stock a hold rating and three gave the company’s stock a buy rating. According to MarketBeat, GDI Integrated Facility Services currently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.83.

GDI Integrated Services Price Performance

GDI traded at C$0.84 during Tuesday’s trading, hitting C$46.13. The company’s stock had a trading volume of 4,547 shares, compared to an average volume of 16,739. The company’s 50-day moving average price is C$46.21 and its two-hundred-day moving average price is C$46.44. The stock has a market cap of C$1.07 billion and a price-earnings ratio of 33.43. GDI Integrated Facility Services has a 12-month low of C$41.00 and a 12-month high of C$59.32. The company has a quick ratio of 1.38, a current ratio of 1.56 and a debt ratio of 93.03.

GDI Integrated Facility Services (TSE:GDI – Get Rating) last released its results on Friday, August 5. The company reported EPS of C$0.40 for the quarter, missing the consensus estimate of C$0.47 by C$0.07. The company had revenue of C$526.00 million in the quarter, compared to a consensus estimate of C$497.78 million. Sell-side analysts expect GDI Integrated Facility Services to post earnings per share of 1.8500001 for the current fiscal year.

Insider buying and selling

In other news from GDI Integrated Facility Services, Senior Officer Stephane Lavigne purchased 2,500 shares of GDI Integrated Facility Services in a trade on Tuesday, September 27. The shares were purchased at an average cost of CA$43.20 per share, for a total transaction of CA$108,000.00. Following the completion of the acquisition, the insider now owns 17,500 shares of the company, valued at approximately C$756,000. In other GDI Integrated Facility Services news, Senior Officer Ahmed S. Boomrod sold 11,335 shares of GDI Integrated Facility Services in a trade dated Monday, August 22. The stock was sold at an average price of CA$46.22, for a total transaction of CA$523,903.70. Following the transaction, the insider now directly owns 379,158 shares of the company, valued at C$17,524,682.76. Additionally, senior officer Stephane Lavigne purchased 2,500 shares of the company in a trade dated Tuesday, September 27. The shares were purchased at an average price of CA$43.20 per share, for a total transaction of CA$108,000.00. Following the completion of the acquisition, the insider now owns 17,500 shares of the company, valued at C$756,000.

GDI Integrated Facility Services Company Profile

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GDI Integrated Facility Services Inc operates in the outsourced facility services industry. The Company operates through Janitorial Canada, Janitorial USA and Technical Services segments. It offers janitorial services, such as cleaning floors, dusting desks and tables, vacuuming carpets, disinfecting kitchens and bathrooms, watering plants, cleaning outdoor parking lots and interior and trash removal, as well as other services including floor stripping and waxing, carpet cleaning, heavy dust cleaning and window cleaning.

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