Brokerages Set GDI Integrated Facility Services Inc. (TSE:GDI) Target Price at C$67.80

GDI Integrated Facility Services Inc. (TSE:GDIGet Rating) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$67.80.

A number of equities research analysts have recently commented on GDI shares. CIBC raised their price target on GDI Integrated Facility Services from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, March 3rd. National Bankshares raised their price target on GDI Integrated Facility Services from C$67.50 to C$70.50 and gave the stock an “outperform” rating in a research report on Wednesday, January 5th. Cormark raised their price target on GDI Integrated Facility Services from C$73.50 to C$74.00 and gave the stock a “buy” rating in a research report on Thursday, March 3rd. National Bank Financial raised their price target on GDI Integrated Facility Services to C$70.50 and gave the stock an “outperform” rating in a research report on Wednesday, January 5th. Finally, Scotiabank dropped their price target on GDI Integrated Facility Services from C$61.00 to C$59.00 in a research report on Thursday, March 3rd.

TSE:GDI opened at C$48.58 on Friday. GDI Integrated Facility Services has a 1-year low of C$43.75 and a 1-year high of C$60.00. The business’s 50-day moving average price is C$53.98 and its two-hundred day moving average price is C$53.16. The company has a current ratio of 1.44, a quick ratio of 1.28 and a debt-to-equity ratio of 84.36. The firm has a market capitalization of C$1.12 billion and a price-to-earnings ratio of 26.40.

GDI Integrated Facility Services (TSE:GDIGet Rating) last released its earnings results on Tuesday, March 1st. The company reported C$0.29 earnings per share for the quarter, missing the consensus estimate of C$0.48 by C($0.19). The business had revenue of C$433.02 million during the quarter, compared to analysts’ expectations of C$432.08 million. Sell-side analysts predict that GDI Integrated Facility Services will post 2.26 earnings per share for the current year.

In other news, Senior Officer Christian Marcoux bought 600 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The shares were acquired at an average price of C$55.20 per share, with a total value of C$33,120.00. Following the transaction, the insider now owns 600 shares in the company, valued at C$33,120. Also, Senior Officer Ahmed S. Boomrod sold 7,000 shares of GDI Integrated Facility Services stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of C$54.00, for a total value of C$378,000.00. Following the completion of the sale, the insider now directly owns 379,158 shares in the company, valued at approximately C$20,474,532.

About GDI Integrated Facility Services (Get Rating)

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, sanitizing kitchens and washrooms, watering plants, cleaning exterior and interior parking facilities, and removal of garbage, as well as other services, including stripping and waxing floors, carpet cleaning, heavy dust cleaning, and window cleaning.

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Analyst Recommendations for GDI Integrated Facility Services (TSE:GDI)

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