Skylight Health Group Inc SLHGF

Skylight seen as a "compelling investment"

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Globe says Skylight seen as a "compelling investment"

Skylight Health Group Inc (C:SHG)
Shares Issued 175,380,112
Last Close 1/15/2021 $1.39
Friday January 15 2021 - In the News

The Globe and Mail reports in its Friday edition that Echelon Capital Markets added Skylight Health Group ($1.40) to its "Top Picks Portfolio" for the first quarter of 2021. The Globe's David Leeder writes in the Eye On Equities column that Echelon analysts continue to rate Skylight Health Group "speculative buy," with a $1.85 share target. Echelon analyst Rob Goff says in a note: "We view Skylight as a compelling investment leveraged to its ability to add shareholder value through organic and acquisition-driven growth as a U.S. health clinic consolidator. We believe current healthcare needs together with provider challenges in a fragmented industry present the opportunity for significant and sustained shareholder value creation. Returns rest squarely upon the execution of the company's transition to primary care and its acquisition capabilities." The Globe reported on Dec. 10 that Mr. Goff called Skylight Health a "compelling" investment that he said he believed was "undervalued." He rated Skylight "speculative buy" in new coverage, with a $1.35 share target. He said, "Our bullish stance reflects confidence in management and the board's ability to successfully execute." The shares could then be had for $1.

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