GDI Integrated Facility Services (TSE:GDI) PT Lowered to C$50.00

GDI Integrated Facility Services (TSE:GDIGet Rating) had its target price reduced by research analysts at Scotiabank from C$59.00 to C$50.00 in a note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 14.97% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. CIBC upped their price objective on shares of GDI Integrated Facility Services from C$64.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, March 3rd. Cormark upped their target price on shares of GDI Integrated Facility Services from C$73.50 to C$74.00 and gave the company a “buy” rating in a research report on Thursday, March 3rd. Finally, Stifel Nicolaus decreased their target price on shares of GDI Integrated Facility Services from C$70.00 to C$60.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$64.33.

Shares of GDI opened at C$43.49 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.28 and a debt-to-equity ratio of 84.36. GDI Integrated Facility Services has a 12-month low of C$41.00 and a 12-month high of C$60.00. The firm has a 50-day moving average price of C$49.44 and a 200 day moving average price of C$51.83. The firm has a market capitalization of C$1.01 billion and a P/E ratio of 23.64.

GDI Integrated Facility Services (TSE:GDIGet Rating) last announced its quarterly earnings data on Tuesday, March 1st. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.19). The company had revenue of C$433.02 million for the quarter, compared to analysts’ expectations of C$432.08 million. Equities research analysts predict that GDI Integrated Facility Services will post 2.25 earnings per share for the current fiscal year.

In other GDI Integrated Facility Services news, Senior Officer Christian Marcoux purchased 600 shares of GDI Integrated Facility Services stock in a transaction dated 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 completion of the transaction, the insider now owns 600 shares of the company’s stock, valued at C$33,120. Also, Senior Officer Ahmed S. Boomrod sold 7,000 shares of the stock in a transaction dated Tuesday, March 22nd. The stock was sold at an average price of C$54.00, for a total transaction of C$378,000.00. Following 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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