New Look Vision Group (TSE:BCI) Upgraded by National Bank Financial to “Outperform”

New Look Vision Group (TSE:BCI) was upgraded by equities researchers at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has a C$36.00 price objective on the stock. National Bank Financial’s price target would suggest a potential upside of 12.50% from the company’s current price.

New Look Vision Group stock traded up C$0.19 during trading hours on Friday, reaching C$32.00. 14,300 shares of the company’s stock traded hands, compared to its average volume of 4,952. The company has a debt-to-equity ratio of 104.72, a quick ratio of 0.34 and a current ratio of 1.20. New Look Vision Group has a fifty-two week low of C$26.01 and a fifty-two week high of C$35.40. The firm has a market capitalization of $495.01 million and a price-to-earnings ratio of 29.63. The firm’s 50 day moving average is C$32.04 and its 200-day moving average is C$32.53.

New Look Vision Group (TSE:BCI) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.33 by C$0.14. The firm had revenue of C$78.05 million during the quarter, compared to analyst estimates of C$79.20 million. Analysts predict that New Look Vision Group will post 1.11 EPS for the current year.

New Look Vision Group Company Profile

New Look Vision Group Inc provides eye care products and services in Canada. The company offers prescription eyewear and non-prescription eyewear; contact lenses; sunglasses, protective eyewear, and reading glasses; and accessories, such as cleaning products for eyeglasses and contact lenses. As of March 18, 2019, it operated a network of 373 stores, including 204 stores in Quebec, 47 stores in British Columbia, 37 stores in Ontario, 25 stores in New Brunswick, 22 stores in Nova Scotia, 13 stores in Newfoundland & Labrador, 7 stores in Prince Edward Island, and 2 stores in Saskatchewan primarily under the New Look Eyewear, Vogue Optical, Greiche & Scaff, and Iris banners.

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