Wilan Stock Rating Reaffirmed by CIBC (WIN)
Wilan (TSE:WIN)‘s stock had its “sector outperform” rating restated by stock analysts at CIBC in a report issued on Wednesday, American Banking News reports. They currently have a C$7.25 price objective on the stock. CIBC’s price target indicates a potential upside of 74.70% from the stock’s previous close.
Shares of Wilan (TSE:WIN) traded up 10.67% on Wednesday, hitting $4.15. The stock had a trading volume of 1,846,000 shares. Wilan has a 1-year low of $3.27 and a 1-year high of $5.79. The stock has a 50-day moving average of $3.51 and a 200-day moving average of $4.07. The company’s market cap is $502.4 million.
A number of other analysts have also recently weighed in on WIN. Analysts at BMO Capital Markets cut their price target on shares of Wilan (TSE:WIN) from C$5.00 to C$4.00 in a research note to investors on Friday, August 9th. They now have a “market perform” rating on the stock. Separately, analysts at Cantor Fitzgerald cut their price target on shares of Wilan (TSE:WIN) from C$7.20 to C$6.00 in a research note to investors on Tuesday, July 16th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Wilan (TSE:WIN) from C$7.00 to C$6.60 in a research note to investors on Tuesday, July 16th. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$5.96.
Wi-LAN Inc (TSE:WIN) is a licensing company.
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