Bombardier’s finance chief sold a little more than $1 million worth of shares in the Montreal business jet manufacturer earlier this week.
Published at 8:00 a.m.
Bart Demovsky sold a total of 10,000 shares of Bombardier during the sessions on Monday and Tuesday.
Analyst Benoit Poirier, from Desjardins, highlighted Tuesday in a note sent to his clients that the assassination of the CEO of UnitedHealthcare could encourage more companies to have their executives travel by private plane – the additional cost being justified by the reduction of risks – and that Bombardier is better positioned than Gulfstream et Dassault to benefit from it.
“Business jet users are moving toward fleet and fractional flight operators and away from direct aircraft ownership, and last week’s event will only accelerate this shift. »
A senior manager of BCE has just sold more than a million dollars worth of shares in the Montreal company specializing in technological services. John Watson, senior manager of business markets, artificial intelligence and FX innovation (a firm acquired last year), sold a block of 13,621 shares on December 5. He also sold a lot of 13,621 shares on November 25. The stock is selling at a low not seen since 2011.
5N Plus gained a new follower mid-week. Ventum analyst Amr Ezzat launched official coverage of the Montreal semiconductor producer’s activities on Wednesday, suggesting the purchase of the stock. “Given the company’s positioning in high-growth markets and its higher growth potential than its peers, it is not inconceivable that the market would place a premium on 5N Plus. » The company continues to enjoy unanimous support. There are now five analysts following the stock. All five are offering purchase.
The largest shareholder of Lightspeed – after the Caisse de dépôt et placement du Québec – indicated to the authorities this week that it had started the month of December with a stake of less than 10% in the Montreal provider of technological solutions for merchants. The transaction that triggered Fidelity’s disclosure requirement was the sale of more than $2.5 million in Lightspeed stock on 1is November.
The Montreal trucking company TFI won the support of Desjardins earlier this week. Benoit Poirier now recommends buying the stock. He considers it the best investment choice in the transport sector due in particular to the revised downward and more realistic forecasts for 2025 and beyond, warning signs of the possible end of the freight recession , an attractive valuation compared to peers and the reduction in the level of debt allowing the return of the deployment of capital towards acquisitions. There are now 12 analysts out of 18 to suggest buying.
The securities of four Quebec companies appear on the list of 43 best investment ideas for 2025 published by Scotia this week. These titles are those of Metro, WSP, TFI et Power Corporation.
Scotia strategist Hugo Ste-Marie sets his target at 27,500 points for the TSX for the end of 2025, which suggests a potential upside of 7% from the level at the start of December.
Early federal elections are necessary, according to him, and the result could give wings to Canadian stocks. Under new pro-business and pro-resources leadership, he believes the TSX could exceed its target.
While its stock has almost doubled in value over the past two months, the Montreal air carrier Air Canada will provide new information surrounding its capital allocation strategy and forecasts for 2025 and beyond on Tuesday during its investor day.
Dynamite Group will publish its financial performance for August, September and October on Tuesday. This is the first time since its IPO earlier this fall that the Montreal retailer will present financial results. A preview of the results to come on Tuesday was given to investors during the stock market listing process. Management notably said it expected revenues for the quarter to be between 255 and 260 million.
Analysts are expected to launch official coverage of the company’s activities soon, which will provide a better idea of how Dynamite Group is perceived by investors.
Quebec titles of Tecsys, Transcontinental, Cogeco, CGI, Metro, Air Canada et Senvest Capital all hit a 52-week high this week on the Toronto Stock Exchange.
On the other hand, those of BCE a you Colabor Group reached their lowest level in the last 52 weeks this week.
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