Atkinsrealis Group Inc T.ATRL

National Bank reiterated its outperform rating on ATRL

[Sanicandro]

The last paragraph confirms what I posted after last earnings report price drop.

AtkinsRealis Has Outperform Rating, $68 Price Target at National Bank of Canada

MT Newswires - 11 sept 2024 11 h 12 EDT

11:12 AM EDT, 09/11/2024 (MT Newswires) -- National Bank of Canada on Wednesday reiterated its outperform rating on the shares of AtkinsRealis Group (ATRL.TO) and $68.00 price target.

After investor meetings with the company's management, the bank said the strong investor engagement during the events indicates that the company is on its track to become a high-quality engineering consulting company.

National Bank said AtkinsRealis has substantial catch-up potential in the core engineering business, as well as growth opportunity in its nuclear business.

While AtkinsRealis' stock has pulled back since its last earnings report, the bank attributed it more to market volatility and fluctuations in fund flow dynamic.

Price: 49.37, Change: +0.37, Percent Change: +0.76

[Gabriel]

Key Takeaways from our meetings below: We had the opportunity to host investor meetings with company’s management yesterday in Montreal (in attendance - President & CEO, Ian Edwards; CFO, Jeff Bell; and the IR team, Denis Jasmin and Kristina Malcheva). Below are the key takeaways from our discussions. The strong investor engagement during the meetings indicates that ATRL is well on

[Gabriel]

8.9 for ATRL vs 16.1 for WSP means a candidate for acquisition at 12x (35% premium) before synergies and 10.5x after synergies. 10.5x after synergies means a 50% immediate accretion for WSP. cqfd