Morneau Shepell (TSE:MSI) Hits New 12-Month High at $33.28

Morneau Shepell Inc (TSE:MSI) hit a new 52-week high on Tuesday . The company traded as high as C$33.28 and last traded at C$33.28, with a volume of 43889 shares. The stock had previously closed at C$33.05.

MSI has been the topic of a number of recent analyst reports. TD Securities raised shares of Morneau Shepell from a “hold” rating to a “buy” rating and set a C$36.00 target price on the stock in a research note on Thursday, November 7th. National Bank Financial boosted their price target on Morneau Shepell from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, CIBC boosted their price objective on shares of Morneau Shepell from C$35.00 to C$38.00 in a report on Tuesday, October 29th.

The company has a market cap of $2.11 billion and a P/E ratio of 111.10. The company has a quick ratio of 1.28, a current ratio of 1.56 and a debt-to-equity ratio of 114.15. The company has a fifty day moving average of C$31.94 and a 200 day moving average of C$31.25.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, November 26th. Morneau Shepell’s payout ratio is 260.00%.

Morneau Shepell Company Profile (TSE:MSI)

Morneau Shepell Inc operates as a human resources consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, and retirement solutions to assist employers in managing the financial security, health, and productivity of their employees.

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