Transcontinental won a new admirer earlier this week.
Posted at 8:00 a.m.
TD launched an official Montreal printer on Tuesday also specialist in flexible packaging by suggesting buying the action.
Analyst Sean Steuart maintains that the optimization plan gives results. Although the title has increased by almost 70 % for 15 months, it still judges the undervalued action given the capacity of Transcontinental to generate free cash flows which it calls “exceptional”.
They are now six out of seven analysts to offer the purchase.
Cascades Added to the aristocrats of Canadian dividends S&P/TSX from February 3. The index manager made the announcement at the end of the day on Friday.
For the second time in January, an analyst withdraws his suggestion of purchase on the title of CAE Due to the recent appreciation of the action. After the TD earlier this month, it is the turn of the national bank financial to withdraw its proposal to purchase on the title of the Montreal company specializing in the flight simulators and the training of pilots.
In his note published Tuesday, Cameron Doerksen stresses that the title has increased by 33 % since the presentation of quarterly results in November. CAE is currently carrying out a selection process to identify its next CEO. The American investment firm Browning West said last month that it wants to have a say to help find the best possible candidate.
Dollarama has a new support since Monday. After having previously suspended its coverage, the SCOTIA revived it this week by recommending the purchase of the action of the Mountain low price retailer. Analyst John Zamparo describes dollarama as a Canadian unicorn. The company has the capacity, according to him, to reproduce its Canadian success in Latin America with Dollacity, a company in which Dollarama has a 60 %stake. It attributes in particular the recent withdrawal of the action to increased concerns concerning potentially slower growth in 2025, concerns about tariff climbing and higher value of the US dollar (purchases abroad are generally made in China and paid in US dollars).
Photo David Boily, Archives La Presse
Dollarama branch in downtown Montreal
-It expects the growth in profits to continue. Dollarama is, he says, a retailer having the capacity to offer value to consumers in the same way as Walmart and Costco. “Although Dollarama does not have the international scope of these two companies, it slowly begins to change that with Dollarcity which should contribute up to 15 % for net profit within two years. They are now 8 out of 14 analysts to offer the purchase.
A second analyst this month proposes to drop the action of BCE. After Bank of America a week ago, it was Barclays’s turn this week to suggest selling the BCE action. Analyst Lauren Bonham lowers at $ 30 his target over 12 months. This is the lowest target course among analysts. The average target within 12 months is $ 36.69. Of about twenty analysts following BCE, only one recommends the purchase.
The Montreal portfolio manager Stéphane Préfontaine, of the firm Préfontaine Capital, reveals in his first quarterly letter of 2025 to have finalized in the last right of 2024 the sale of his actions asAtkinsRéalis.
He says he bought his actions from the former SNC-Lavalin in 2019 at an average cost of around $ 20. At the time, the news was horrible, he said, “but we believed in the recovery potential”.
Six years ago, the Montreal genius firm was in a politico-Legal crisis. “It was only a matter of time before the saga of turnkey projects at a deficit lump sum price fired in order. Legal problems were a question of people and that did not make sense to forever penalize all the employees of the firm. It was therefore for us a question of time and patience, with a low drop-down probability compared to the probability upwards in a perspective of 4 to 5 years, “he said.
“Now, the company no longer represents a recovery opportunity, because its business model has normalized. I do not think there is an obvious undervaluation at the current price, which seems to reflect the potential in particular of the nuclear division. »»
Analyst Frédéric Bastien, of the firm Raymond James, indicated in a report published on Tuesday that now that the results again approaches the moment when he is considered to be quality investment caliber (investment grade), Atkinsrelis will soon start making acquisitions again.
Ten of the 12 analysts ensuring the title follow -up currently recommend the purchase.
Quebec titles of 5n plus, AtkinsRéalis, WSP, Debt, Walk Goodfood, G Mining et Valid have all reached this week a summit of the last 52 weeks on the Toronto Stock Exchange.
On the other hand, those of Boralex, Colabor, Dynamite group et Known This week have touched their lowest level of the last 52 weeks.
