TSX:HPS.A - Post Discussion
Post by
microcaphobby on Apr 13, 2022 10:27am
today's globe Cannacord initiates coverage
Seeing it trading at a “substantial” discount to peers, Mr. Lee set a target of $15.50 per share. The current average is $16.25.
“We believe that HPS’ valuation is attractive, trading at 4.8 times NTM [next 12-month] EBITDA, a far cry from the 13.2 times of its large multinational peers,” he said. “While a discount is naturally justified given lesser scale, we believe that as investors recognize Hammond’s combination of stability and growth, the gap should close.”
target of 14.50. That is too low.
Be the first to comment on this post