CIBC Raises Morneau Shepell (MSI) Price Target to C$32.00
Several other equities research analysts have also recently weighed in on the company. TD Securities upped their target price on Morneau Shepell from C$29.00 to C$30.00 in a research note on Thursday. National Bank Financial restated an outperform rating and set a C$31.00 target price on shares of Morneau Shepell in a research note on Monday, July 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Morneau Shepell currently has an average rating of Buy and a consensus target price of C$27.67.
TSE MSI opened at C$28.72 on Thursday. The company has a debt-to-equity ratio of 79.66, a quick ratio of 1.64 and a current ratio of 2.05. Morneau Shepell has a fifty-two week low of C$21.14 and a fifty-two week high of C$29.17.
The company also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Tuesday, October 30th. Morneau Shepell’s payout ratio is 103.86%.
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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