Stifel Nicolaus Cuts GDI Integrated Facility Services (TSE:GDI) Price Target to C$60.00

GDI Integrated Facility Services (TSE:GDIGet Rating) had its price objective reduced by analysts at Stifel Nicolaus from C$70.00 to C$60.00 in a research report issued on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price indicates a potential upside of 37.96% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Scotiabank dropped their target price on shares of GDI Integrated Facility Services from C$61.00 to C$59.00 in a report on Thursday, March 3rd. Cormark boosted 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 report on Thursday, March 3rd. Finally, CIBC boosted their target price 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, GDI Integrated Facility Services currently has an average rating of “Buy” and a consensus target price of C$64.33.

TSE:GDI opened at C$43.49 on Thursday. The stock has a market cap of C$1.01 billion and a P/E ratio of 23.64. The firm’s fifty day simple moving average is C$49.44 and its 200 day simple moving average is C$51.83. GDI Integrated Facility Services has a twelve month low of C$41.00 and a twelve month high of C$60.00. The company has a quick ratio of 1.28, a current ratio of 1.44 and a debt-to-equity ratio of 84.36.

GDI Integrated Facility Services (TSE:GDIGet Rating) last released its quarterly 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 company had revenue of C$433.02 million for the quarter, compared to analyst estimates of C$432.08 million. On average, analysts expect that GDI Integrated Facility Services will post 2.25 EPS for the current fiscal year.

In other news, Senior Officer Ahmed S. Boomrod sold 7,000 shares of the company’s 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 transaction, the insider now owns 379,158 shares in the company, valued at C$20,474,532. Also, Senior Officer Christian Marcoux acquired 600 shares of the stock in a transaction that occurred on Wednesday, March 16th. The shares were bought 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 owns 600 shares of the company’s stock, valued at C$33,120.

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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