Bullboard - Stock Discussion Forum Mattr Corp T.MATR

Alternate Symbol(s): MTTRF

Mattr Corp., formerly Shawcor Ltd., is a global material technology company serving critical infrastructure markets, including electrification, transportation, communication, water management and energy. The Company operates through a network of fixed and mobile manufacturing and service facilities. The Company operates through two business segments: Composite Technologies and Connection... see more

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Mattr Corp > early reactions

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Post by Possibleidiot01 on Aug 15, 2023 8:00am

early reactions

Aug. 14, 2023, 09:30 PM

In a latest note to investors, a research analyst has provided a rating update for the ShawCor (MATR – Research Report). John Gibson, an analyst with BMO Capital, has upgraded their rating on MATR to Buy yesterday , with a $26.00 price target.

According to TipRanks.com, Gibson is a 5-star analyst with an average return of 24.7% and a 62.7% success rate. Gibson covers the NA sector, focusing on stocks such as North American Construction Group, Trican Well Service, and Precision Drilling.

ShawCor has an analyst consensus of Moderate Buy, with a price target consensus of C$24.25, implying a 28.1% upside from current levels.

In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a C$24.00 price target.

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Comment by longrun86 on Aug 15, 2023 11:21am

Analysts are funny. You look back two years ago and it was so clear that the Company was trading well below a fair price and these same analysts would have like $8 price targets on the stock. Happy to see this has worked out for everyone. There could be further upside; however, as I mentioned when I first bought into the Company, I would be a seller between $18 and $22. Good luck to everyone ...more

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Mattr Corp