CIBC Trims GDI Integrated Facility Services (TSE:GDI) Target Price to C$61.00

GDI Integrated Facility Services (TSE:GDIGet Rating) had its price objective cut by stock analysts at CIBC from C$65.00 to C$61.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 40.26% from the stock’s current price.

A number of other research analysts have also commented on GDI. Cormark raised their price target on GDI Integrated Facility Services from C$73.50 to C$74.00 and gave the company a “buy” rating in a report on Thursday, March 3rd. Scotiabank lowered their price target on GDI Integrated Facility Services from C$59.00 to C$50.00 in a report on Thursday. Finally, Stifel Nicolaus lowered their price target on GDI Integrated Facility Services from C$70.00 to C$60.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, GDI Integrated Facility Services presently has a consensus rating of “Buy” and an average price target of C$64.33.

Shares of TSE GDI opened at C$43.49 on Thursday. GDI Integrated Facility Services has a 1-year low of C$41.00 and a 1-year high of C$60.00. The company has a debt-to-equity ratio of 84.36, a current ratio of 1.44 and a quick ratio of 1.28. The business’s fifty day moving average price is C$49.44 and its two-hundred day moving average price is C$51.83. The firm has a market capitalization of C$1.01 billion and a PE ratio of 23.64.

GDI Integrated Facility Services (TSE:GDIGet Rating) last issued 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. Equities research analysts expect that GDI Integrated Facility Services will post 2.25 earnings per share for the current fiscal year.

In related news, Senior Officer Christian Marcoux purchased 600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The stock was acquired at an average price of C$55.20 per share, for a total transaction of C$33,120.00. Following the transaction, the insider now directly owns 600 shares of the company’s stock, valued at approximately C$33,120. Also, Senior Officer Ahmed S. Boomrod sold 7,000 shares of the stock in a transaction 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 transaction, the insider now owns 379,158 shares of the company’s stock, valued at approximately C$20,474,532.

GDI Integrated Facility Services Company Profile (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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