National Bank Financial Upgrades Vicwest to “Outperform” (VIC)
Shares of Vicwest (TSE:VIC) traded up 0.88% on Friday, hitting $10.34. The stock had a trading volume of 26,912 shares. Vicwest has a 52 week low of $8.97 and a 52 week high of $13.50. The stock’s 50-day moving average is $10.73 and its 200-day moving average is $10.3. The company’s market cap is $182.1 million.
Vicwest (TSE:VIC) last announced its earnings results on Thursday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.10. Analysts expect that Vicwest will post $0.20 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on VIC. Analysts at Ci Capital raised their price target on shares of Vicwest from C$10.50 to C$10.75 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Vicwest from C$11.00 to C$14.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Vicwest from C$10.50 to C$10.75 in a research note on Friday. They now have a “sector perform” rating on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$12.00.
Vicwest Inc, formerly Vicwest Income Fund, is manufacturer and distributor of engineered storage and handling systems for grain, fertilizer and liquid storage, and building construction products for agricultural, institutional, commercial, industrial and residential markets through two divisions: Vicwest Building Products (TSE:VIC) and Westeel Storage Solutions (Westeel).
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