Analysts Set GDI Integrated Facility Services Inc. (TSE:GDI) Target Price at C$61.17

Shares of GDI Integrated Facility Services Inc. (TSE:GDI) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$61.17.

GDI has been the topic of a number of recent analyst reports. Desjardins reiterated a “buy” rating on shares of GDI Integrated Facility Services in a research note on Tuesday, August 10th. National Bank Financial upped their price target on GDI Integrated Facility Services from C$65.00 to C$67.00 and gave the stock an “outperform” rating in a report on Tuesday, August 10th. National Bankshares increased their price objective on GDI Integrated Facility Services from C$65.00 to C$67.00 and gave the company an “outperform” rating in a research report on Tuesday, August 10th. Finally, CIBC boosted their target price on shares of GDI Integrated Facility Services to C$56.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 10th.

In other news, Senior Officer Stéphane Lavigne sold 26,966 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of C$57.23, for a total value of C$1,543,393.62. Following the completion of the transaction, the insider now owns 68,034 shares of the company’s stock, valued at approximately C$3,893,912.38. Also, Senior Officer Jocelyn Trottier sold 2,500 shares of GDI Integrated Facility Services stock in a transaction dated Tuesday, August 24th. The stock was sold at an average price of C$56.90, for a total value of C$142,250.00. Following the transaction, the insider now owns 27,500 shares in the company, valued at C$1,564,750.

Shares of TSE:GDI opened at C$56.15 on Friday. The stock has a market capitalization of C$1.29 billion and a P/E ratio of 22.96. The business has a 50-day moving average of C$56.72 and a two-hundred day moving average of C$53.76. GDI Integrated Facility Services has a fifty-two week low of C$34.85 and a fifty-two week high of C$60.00. The company has a debt-to-equity ratio of 48.43, a current ratio of 1.47 and a quick ratio of 1.32.

GDI Integrated Facility Services (TSE:GDI) last posted its earnings results on Monday, August 9th. The company reported C$0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.46 by C$0.13. The company had revenue of C$372.19 million during the quarter, compared to analyst estimates of C$384.28 million. As a group, research analysts expect that GDI Integrated Facility Services will post 2.2799999 EPS for the current fiscal year.

GDI Integrated Facility Services Company Profile

GDI Integrated Facility Services Inc operates in the outsourced facility services industry. The company operates through Janitorial Canada, Janitorial USA, and Technical services segments. It offers janitorial services, such as cleaning floors, dusting desks and tables, vacuuming carpets, sanitizing kitchens and washrooms, watering plants, cleaning exterior and interior parking facilities, and removal of garbage, as well as other services, including stripping and waxing floors, carpet cleaning, heavy dust cleaning, and window cleaning.

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Analyst Recommendations for GDI Integrated Facility Services (TSE:GDI)

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