Research analysts at RBC Capital increased their price objective on shares of Progressive Waste Solutions Ltd (TSE:BIN) from C$26.00 to C$28.00 in a report released on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 9.80% from the company’s current price.
A number of other firms have also recently commented on BIN. Analysts at Pi Financial raised their price target on shares of Progressive Waste Solutions Ltd from C$24.00 to C$26.00 in a research note to investors on Wednesday, July 31st. Separately, analysts at National Bank Financial raised their price target on shares of Progressive Waste Solutions Ltd from C$25.50 to C$27.00 in a research note to investors on Wednesday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Progressive Waste Solutions Ltd from C$24.50 to C$25.50 in a research note to investors on Monday, July 8th. They now have a “sector perform” rating on the stock.
Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$26.25.
Progressive Waste Solutions Ltd (TSE:BIN) traded up 0.16% during mid-day trading on Monday, hitting $25.50. 78,120 shares of the company’s stock traded hands. Progressive Waste Solutions Ltd has a 52-week low of $18.18 and a 52-week high of $25.67. The stock has a 50-day moving average of $24.41 and a 200-day moving average of $22.71. The company has a market cap of $2.928 billion and a price-to-earnings ratio of 27.55.
Progressive Waste Solutions Ltd., formerly IESI-BFC Ltd. is a waste management company. The Company provides non-hazardous solid waste collection and disposal services to commercial, industrial, municipal and residential customers in 12 states and the District of Columbia in the United States and six Canadian provinces.
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