RBC Oct 1 - sector perform 3.00 Price TargetRead the indepth report on Corus from RBC dated Oct 1, 2023. Appears their estimate is lower reveune in future years in millions 2022A (1599), 2023E (1508), 2024E(1490) 2025E(1497). More importantly the debt situation will start to look alot better in coming years, which is the biggest hurdle on this company
Sector perform and 3.00 Price Target. Mentioned impressed by Managements executions and stock appears oversold. There is catalysts that Corus could show considerable upside.
Picked up a small chunk today, expect more turbulence going forward, but expect may start to hit a bottom in coming months.
RBC has the divident intact going forward (Estimate) at .12 yearly to end date in report at 2026. Hence, appears Corus has dividend in their budget but nothing confirmed even for this coming quarter. Most likely dividend status on relase of financials on Oct 27, similar to last year.