Morneau Shepell (TSE:MSI) PT Raised to C$34.00 at TD Securities

Morneau Shepell (TSE:MSI) had its price objective boosted by TD Securities from C$31.00 to C$34.00 in a research note published on Monday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other research firms have also recently issued reports on MSI. National Bank Financial upped their price objective on Morneau Shepell from C$32.00 to C$35.00 and gave the stock an outperform rating in a research report on Friday, August 9th. CIBC upped their price objective on Morneau Shepell from C$32.00 to C$35.00 in a research report on Monday.

TSE:MSI opened at C$32.46 on Monday. The stock has a 50-day simple moving average of C$30.43 and a 200-day simple moving average of C$28.67. The stock has a market cap of $2.11 billion and a P/E ratio of 238.68. Morneau Shepell has a 1 year low of C$23.64 and a 1 year high of C$33.16. The company has a debt-to-equity ratio of 102.92, a quick ratio of 1.46 and a current ratio of 1.81.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $0.78 annualized dividend and a dividend yield of 2.40%. Morneau Shepell’s dividend payout ratio is currently 573.53%.

Morneau Shepell Company Profile

Morneau Shepell Inc operates as a human resources consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, and retirement solutions to assist employers in managing the financial security, health, and productivity of their employees.

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