People (CVE:PEO) Sets New 12-Month High at $9.64

People Corp (CVE:PEO) reached a new 52-week high on Friday . The stock traded as high as C$9.64 and last traded at C$9.64, with a volume of 103167 shares changing hands. The stock had previously closed at C$9.55.

Several equities analysts have weighed in on PEO shares. National Bank Financial lifted their target price on People from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Canaccord Genuity lifted their target price on People from C$10.25 to C$11.00 in a research report on Wednesday, July 31st. Finally, CIBC lifted their target price on People from C$9.75 to C$11.00 in a research report on Wednesday, July 31st.

The company has a market capitalization of $560.24 million and a price-to-earnings ratio of -37.60. The company has a debt-to-equity ratio of 53.31, a quick ratio of 1.26 and a current ratio of 1.34. The firm has a 50-day simple moving average of C$9.21 and a two-hundred day simple moving average of C$8.29.

People (CVE:PEO) last released its earnings results on Monday, July 15th. The company reported C$0.04 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.01. The firm had revenue of C$42.43 million during the quarter, compared to analyst estimates of C$42.55 million. As a group, equities analysts forecast that People Corp will post 0.17 EPS for the current fiscal year.

About People (CVE:PEO)

People Corporation provides individual and employee group benefits, group retirement, wellness, and human resource solutions in Canada. The company offers consulting advice, which primarily includes plan review and design, plan recommendations and alternative funding methods, plan set up, employee communications, wellness programs, and plan marketing services.

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