The big boss of BCE and three other members of the board of directors have just taken advantage of the weakness in the shares of the Montreal company specializing in technological services to carry out purchase transactions.
Published at 8:00 a.m.
CEO Mirko Bibic, along with directors Louis Vachon, Calin Rovinescu and Jennifer Tory, purchased more than $1 million in shares of BCE this month.
Together, they purchased a total of nearly 33,000 shares between November 11 and 19.
BCE’s stock has been under pressure since the announcement on November 4 of the dividend freeze and the acquisition of an American fiber optic internet access provider.
Two analysts changed their opinions in opposite directions this week on the National Bank. The strong stock market growth will continue, according to John Aiken of the Jefferies firm. He changed his recommendation on Wednesday and now suggests buying the stock.
He particularly highlights the growth potential, particularly in commercial loans, with the imminent acquisition of Canadian Western Bank. “The remaining approvals are largely a formality and the acquisition which will be completed in 2025 will bring significant benefits. »
His comrade Brian Morton, at Barclays, for his part withdrew his purchase suggestion this week. However, it is improving its 12-month target price by increasing it from $130 to $140.
There are therefore still 5 analysts out of 14 to propose the purchase of the National Bank stock.
Taking advantage of the decline in the share price Canadian Nationalthe CEO of the Montreal rail carrier purchased nearly half a million dollars worth of shares in the middle of the week. Tracy Robinson purchased a lot of 3,300 CN shares on Wednesday at a unit price of $147.99.
Aya Or & Argent gained a new admirer this week. CIBC launched official coverage of the Montreal silver producer’s activities on Thursday, recommending the stock to be purchased. Analyst Cosmos Chiu points out that given recent transactions in the sector, Aya is a growing silver producer at a time when investors face a reduced choice of investment ideas linked to this metal. Nine of the ten analysts now tracking rate the stock as Buy.
An administrator at 5N Plus took advantage of the recent volatility in the Montreal semiconductor producer’s stock to purchase more than $320,000 worth of shares. Jean-Marie Bourassa purchased a total of 50,000 shares during the sessions of November 14 and 15. He has been a member of the board of directors for 17 years.
5N Plus stock has been under pressure since the election of Donald Trump. Investors seem to fear that the president-elect will repeal theInflation Reduction Act by Joe Biden who fueled a clean energy boom in the United States with tax credits notably supporting the development of solar energy.
Analyst Rupert Merer of the National Bank is not too upset about it. It indicates to The Press that it is impossible to stop the current dynamic. “Solar energy is cost-effective, with or withoutInflation Reduction Actand electricity buyers want it too. Does theInflation Reduction Act will be repealed? It’s the red states that benefit the most,” he concludes.
One of the largest shareholders of Knight Therapeutics has just purchased more than half a million dollars worth of shares in the Montreal pharmaceutical company. An account linked to the Armoyan family purchased a total of 100,000 shares during the November 11 and 12 sessions.
A member of the board of directors of Boralex purchased shares of the Quebec renewable energy producer for around $60,000 mid-week. André Courville purchased a total of 2,000 shares on Wednesday. He has been a member of the council for five years.
US stock markets will be closed on Thursday for the Holiday Thanksgiving in the United States. Friday’s session will be shortened on the NASDAQ and the New York Stock Exchange to give Americans a long Thanksgiving weekend.
Quebec titles of Metro, CAE, National Bank, Tecsys, AtkinsRéalis, iA Financial Group et D-Box all hit a 52-week high this week on the Toronto Stock Exchange.
On the other hand, those of Canadian National, Lion, Dorel, TVA Group, BCE, Colabor Group et BRP reached their lowest level in the last 52 weeks this week.
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