RE:CIBC UpgradeI saw that, typical Canadian bank conservative estimate which is fine.
$23.50 implies 14.6% upside which is 11.5x pe.
PE12x $24.36 this is my low number, given ecommerce growth and new stores some see this trading higer with $28.00 plus being mentioned on marketcall.
With a 3% dividend even $23.50 is approx 17%v return,
Looks like a 20% plus to me and still room to run.
My opinion only, it is a shame that so few shares are traded, shows that no major players will sell at these low prices.