Mattr Corp T.MATR

early reactions

[Possibleidiot01]

Aug. 14, 2023, 09:30 PM

 

In a latest note to investors, a research analyst has provided a rating update for the ShawCor (MATR – Research Report). John Gibson, an analyst with BMO Capital, has upgraded their rating on MATR to Buy yesterday , with a $26.00 price target.

According to TipRanks.com, Gibson is a 5-star analyst with an average return of 24.7% and a 62.7% success rate. Gibson covers the NA sector, focusing on stocks such as North American Construction Group, Trican Well Service, and Precision Drilling.

ShawCor has an analyst consensus of Moderate Buy, with a price target consensus of C$24.25, implying a 28.1% upside from current levels.

In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a C$24.00 price target.

[longrun86]

Analysts are funny. You look back two years ago and it was so clear that the Company was trading well below a fair price and these same analysts would have like $8 price targets on the stock. Happy to see this has worked out for everyone. There could be further upside; however, as I mentioned when I first bought into the Company, I would be a seller between $18 and $22. Good luck to everyone