CIBC Believes Morneau Shepell (MSI) Still Has Room to Grow


Morneau Shepell (MSI) has received a rating update from a Wall Street analyst on August 9. CIBC’s analyst Stephanie Price reiterates their Buy rating on the shares, with a C$35 price target.

According to TipRanks.com, Price is a 4-star analyst with an average return of 9.5% and a 69.0% success rate. Price covers the Technology sector, focusing on stocks such as Enghouse Systems Limited, Maxar Technologies Ltd, and CGI Group.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Morneau Shepell with a C$35 average price target.

The company has a one-year high of C$33.16 and a one-year low of C$23.64. Currently, Morneau Shepell has an average volume of 78.29K.

Morneau Shepell, Inc. engages in the provision of human resource consulting and technology services. Its solutions includes employee assistance program; health and wellness; benefits and pension outsourcing; absence management solutions; and health plan solutions.

The company’s shares closed on Friday at C$32.93, close to its 52-week high of C$33.16.

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