Globe says People one of Pow's top performers Globe says People one of Pow's top performers
People Corp (C:PEO)
Shares Issued 51,081,140
Last Close 11/23/2017 $7.01
Friday November 24 2017 - In the News
The Globe and Mail reports in its Friday, Nov. 24, edition that People ($7.01), up 59 per cent year to date, remains one of Acumen Capital analyst Brian Pow's top performers of 2017, which he attributes to the market acknowledging its "strong" competitive position. The Globe's David Leeder writes in the Eye On Equities column that Mr. Pow continues to rate the shares "buy." His share target, however, climbed 50 cents to $8.75. Analysts on average target the shares at $7.83. Mr. Pow raised his target for the Winnipeg-based company's stock after resuming coverage in the wake of a $25.3-million bought deal financing to help finance the $16.1-million acquisition of Assurances Dalbec, a provider of employee benefit plans for small and medium-sized companies in Quebec. Mr. Pow says in a note: "[People] has posted growth that is well ahead of the single digit guidance that management has referred to in the past. The next catalyst for PEO will be positive Q4/FY17 results and further acquisitions as the company continues its roll-up strategy." Elsewhere, Laurentian Bank Securities analyst Marc Chabin raised his share target to $9 from $7.80 with an unchanged "buy" rating.
© 2017 Canjex Publishing Ltd.