Scotiabank Issues Pessimistic Forecast for GDI Integrated Facility Services (TSE:GDI) Stock Price

GDI Integrated Facility Services (TSE:GDI) had its target price decreased by stock analysts at Scotiabank from C$33.00 to C$32.00 in a report released on Monday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 11.89% from the stock’s previous close.

GDI has been the topic of a number of other reports. TD Securities downgraded shares of GDI Integrated Facility Services from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$47.00 to C$30.00 in a research report on Monday, August 11th. National Bankshares lowered their price objective on shares of GDI Integrated Facility Services from C$41.50 to C$33.00 and set a “sector perform” rating on the stock in a research note on Monday, August 11th. Finally, Raymond James Financial set a C$35.00 target price on GDI Integrated Facility Services and gave the stock an “outperform” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$35.60.

GDI Integrated Facility Services Price Performance

Shares of TSE GDI opened at C$28.60 on Monday. GDI Integrated Facility Services has a fifty-two week low of C$25.45 and a fifty-two week high of C$41.00. The firm’s 50-day simple moving average is C$27.99 and its 200 day simple moving average is C$30.15. The company has a quick ratio of 1.44, a current ratio of 1.70 and a debt-to-equity ratio of 93.19. The stock has a market cap of C$672.96 million, a P/E ratio of 15.98 and a beta of 0.20.

About GDI Integrated Facility Services

GDI Integrated Facility Services Inc is engaged in the facility services sector. The company’s operating segment includes Janitorial Canada, Janitorial USA, Technical services and Complementary Services. It generates maximum revenue from the Janitorial Canada segment. The Janitorial Canada and Janitorial USA segments provide a wide range of basic janitorial services, such as floor cleaning and finishing, window washing, furniture polishing, carpet cleaning, and dusting, as well as other building services including lawn maintenance, snow removal and other.