Morneau Shepell (TSE:MSI) PT Raised to C$34.00 at TD Securities

Morneau Shepell (TSE:MSI) had its price objective increased by TD Securities from C$31.00 to C$34.00 in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages also recently issued reports on MSI. CIBC increased their target price on Morneau Shepell from C$32.00 to C$35.00 in a research note on Monday. National Bank Financial increased their target price on Morneau Shepell from C$32.00 to C$35.00 and gave the stock an outperform rating in a research note on Friday, August 9th.

Shares of MSI stock opened at C$32.46 on Monday. The company has a market cap of $2.11 billion and a price-to-earnings ratio of 238.68. The stock has a 50 day simple moving average of C$30.43 and a 200-day simple moving average of C$28.67. Morneau Shepell has a 12-month low of C$23.64 and a 12-month high of C$33.16. The company has a current ratio of 1.81, a quick ratio of 1.46 and a debt-to-equity ratio of 102.92.

The firm also recently announced a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Tuesday, July 30th. Morneau Shepell’s dividend payout ratio (DPR) is 573.53%.

Morneau Shepell Company Profile

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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