Post by
Scotch12 on Aug 21, 2014 1:26am
Top Pick
Industrial Alliance Securities has Counsel Corp as its top pick and a target price of $3.80.
https://counselcorp.uberflip.com/t/19373
In general analysts appear to be lowering their earning projections on the stock.. This years estimate seems a little strange as analysts are predicting 16 cents despite that the stock has made 13 cents/share already and consensus is for 8 more cents in the next two quarters.
https://www.theglobeandmail.com/globe-investor/markets/stocks/analysts/?q=CXS-T
I listened to the conference call and I thought the CEO did a poor job on selling the company and explaining in the year over year reduction in new Q2 mortgages. He did appear very optimistic on the bank licence which should be a huge catalysts both for share price momentum and for earnings.
If anyone has access to more research please post it on the thread.