TSX:AD.DB.A - Post by User
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retiredcfon Jan 07, 2024 12:30pm
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Post# 35814570
S&P/TSX SmallCap Index Potential Return
S&P/TSX SmallCap Index Potential ReturnReleased on 4 January. Only posted for the companies I own. That said, I think the potential targets are unreasonably conservative, especially for the final three companies listed. GLTA As we exited 2023, small cap stocks staged an impressive rally but trailed the broader index. In the final two months of 2023, the S&P/TSX SmallCap Index increased 8 per cent with nine of the 11 sectors posting double-digit gains. In comparison, the S&P/TSX Composite Index climbed 11 per cent; however, the gains were more concentrated with just six of the 11 sectors realizing double-digit price returns. Prospects of future rate cuts by the Bank of Canada and the U.S. Federal Reserve led to this strong year-end rally in equity markets. This report includes a link to a list of analysts’ target prices, recommendations, forecast returns and yields for all securities in the S&P/TSX SmallCap Index grouped by sector and ranked according to their expected price returns (excluding dividend and distribution income). The posted target price for each security is an average of all available target prices from analysts. A target price typically reflects an expected share or unit price 12 months from now based on an analyst’s financial modelling, such as a discounted cash flow or sum-of-the-parts model. For the yield provided, Bloomberg calculates this figure by annualizing the most recent announced dividend or distribution value.
Ticker - Buy/Hold/Sell Ratings - Consensus Target - Potential SP Appreciation (excluding dividends)
Financials
TSU - 8/8 Buys - $51.63 - 52%;
AD.UN - 5 Buys + 1 Hold - $19.92 - 22%;
GSY - 9 Buys + 1 Hold - $183.11 - 16%;
EQB - 8/8 Buys - $98.50 - 13%; and
VBNK - 3/3 Buys - $14.79 - 2%.