Scotiabank Increases GDI Integrated Facility Services (TSE:GDI) Price Target to C$42.00

GDI Integrated Facility Services (TSE:GDI) had its target price upped by investment analysts at Scotiabank from C$41.00 to C$42.00 in a research report issued on Monday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 27.23% from the stock’s current price.

A number of other research firms also recently weighed in on GDI. Desjardins lowered their price target on GDI Integrated Facility Services from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. TD Securities upgraded GDI Integrated Facility Services from a “hold” rating to a “strong-buy” rating and raised their price target for the company from C$40.00 to C$50.00 in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$42.58.

GDI Integrated Facility Services Price Performance

Shares of GDI stock traded up C$0.31 on Monday, reaching C$33.01. The company’s stock had a trading volume of 5,008 shares, compared to its average volume of 13,494. The company has a quick ratio of 1.44, a current ratio of 1.70 and a debt-to-equity ratio of 93.19. GDI Integrated Facility Services has a 12-month low of C$29.39 and a 12-month high of C$41.00. The company has a market capitalization of C$786.77 million, a P/E ratio of 52.32 and a beta of 1.03. The stock’s 50 day simple moving average is C$31.51 and its 200-day simple moving average is C$34.35.

Insider Activity

In related news, Senior Officer Ahmed S. Boomrod sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$31.07, for a total value of C$155,350.00. Insiders own 12.62% of the company’s stock.

About GDI Integrated Facility Services

GDI Integrated Facility Services Inc is engaged in the facility services sector. The company’s operating segment includes Janitorial Canada, Janitorial USA, Technical services and Complementary Services. It generates maximum revenue from the Janitorial Canada segment. The Janitorial Canada and Janitorial USA segments provide a wide range of basic janitorial services, such as floor cleaning and finishing, window washing, furniture polishing, carpet cleaning, and dusting, as well as other building services including lawn maintenance, snow removal and other.