TD Securities Trims Stuart Olson (SOX) Target Price to C$6.50

Stuart Olson (TSE:SOX) had its target price cut by TD Securities from C$7.00 to C$6.50 in a report issued on Thursday. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 26.95% from the stock’s previous close.

A number of other brokerages also recently issued reports on SOX. CIBC reduced their price objective on shares of Stuart Olson from C$8.00 to C$6.50 in a research report on Monday, October 1st. National Bank Financial reduced their price objective on shares of Stuart Olson from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Stuart Olson presently has a consensus rating of “Buy” and an average price target of C$6.50.

Stuart Olson stock traded down C$0.10 during mid-day trading on Thursday, reaching C$5.12. 53,930 shares of the company traded hands, compared to its average volume of 47,377. Stuart Olson has a 52-week low of C$4.57 and a 52-week high of C$8.39.

Stuart Olson (TSE:SOX) last issued its quarterly earnings data on Thursday, August 9th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.09 by C($0.05). The business had revenue of C$249.26 million for the quarter, compared to analyst estimates of C$268.25 million.

About Stuart Olson

Stuart Olson Inc provides general contracting and electrical building systems contracting to the institutional and commercial construction markets in Canada. The company's Buildings Group segment provides general contracting services, including integrated project delivery, construction management, and design-build services for schools, hospitals, and high-rise buildings; and provision of management, estimating, accounting, site management, field workers, and equipment in order to complete projects.

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