GREY:LGLTF - Post by User
Post by
spazzmanon Jun 04, 2013 3:36pm
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Post# 21495141
analyst buy recommendation $1.30 target
analyst buy recommendation $1.30 target Bought today based on this recommendation and portfolio diversification.
| Loyalist Group |
| By MPL Staff Writer |
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Beacon Securities analyst Gareth Tingling has initiated coverage on the shares of Loyalist Group Ltd. (TSX/VEN-LOY, $0.58) with a buy recommendation. His 12-month target price is $1.30.
“As an ESL industry consolidator Loyalist Group has more than tripled its share price and its revenue since its reverse take-over in Dec. 2010,” the analyst reports, and adds “With an industry size of $800 million and revenue of $14 million, the company still has plenty of work to do and there is still potential for upside beyond our target price.”
Loyalist's goal is to become a global leader in the ESL market through acquisitions and organic growth. Mr. Tingling believes that the group presents a compelling return based on its cookie-cutter acquisition strategy.
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