TSX:CUS.DB.D - Post by User
Comment by
Roxy27on Nov 03, 2015 3:41pm
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Post# 24254900
RE:analyst report
RE:analyst reportgreenrain,
RJ target price is actually $1.60, which is based on the lower SPB trading price. $1.60 equates to a 20 day vwap of $10.45.
Still, the conclusion is the same, a recommendation for CUS investors to vote in favour of SPB's all share offer (based on synergies and premium offered).
RY's target share price for SPB is $13.00, a 25% premium to current trading price.
I think SPB is worth a $12 share today and $13 upon acquisition of CUS. Further upside comes in 2016 provided the company proves out the synergies.