Analyst Ratings Coverage for TSX
Allied Properties Real Estate Investment Trust (AP-UN:CA)
Analyst: Raymond James
Industry: REIT – Office
Rating: Raymond James has lowered the target price for Allied Properties to CAD 19.5. The stock is currently trading at CAD 26.80, which is significantly higher than the new target, making the rating “Strong Buy.” This indicates a strong bullish sentiment in the market towards this real estate investment trust, reflecting the potential for robust returns.
First Quantum Minerals Ltd. (FM:CA)
Analyst: CIBC World Markets
Industry: Copper
Rating: CIBC World Markets maintains a “Neutral” rating for First Quantum Minerals with no change in target price at CAD 34. The stock is trading at CAD 35.02, which is close to the target, leading to a “Hold” rating. This suggests a balanced outlook for the company’s performance in the copper industry.
First Quantum Minerals Ltd. (FM:CA)
Analyst: Jefferies & Company
Industry: Copper
Rating: Jefferies & Company rates First Quantum Minerals as a “Buy” with a decreased target price of CAD 40. The stock is currently trading at CAD 35.02, making the rating “Hold.” This suggests that while the company is expected to perform well, it might not reach the previously set target price, hence the “Hold” recommendation.
Gatos Silver Inc (GATO:CA)
Analyst: CIBC World Markets
Industry: Other Precious Metals & Mining
Rating: CIBC World Markets maintains a “Neutral” rating with no change in the target price, which remains at CAD 11. The stock is trading at CAD 8.75, which is below the target, leading to a “Buy” rating. This suggests a potential buying opportunity for investors interested in precious metals and mining.
NexLiving Communities Inc. (NXLV:CA)
Analyst: Raymond James
Industry: Real Estate Services
Rating: Raymond James has decreased the target price to CAD 2.5 for NexLiving Communities. The stock is currently trading at CAD 3.11, significantly above the new target, indicating a “Strong Buy” rating. This suggests a very bullish outlook for this real estate services company.
Pro Real Estate Investment Trust (PRV-UN:CA)
Analyst: Raymond James
Industry: REIT – Industrial
Rating: Raymond James has set a decreased target price of CAD 5.5 for Pro Real Estate Investment Trust. The stock is trading at CAD 6.36, higher than the new target, resulting in a “Buy” rating. This implies optimism in the company’s performance within the industrial real estate investment trust sector.
Slate Grocery REIT (SGR-UN:CA)
Analyst: Raymond James
Industry: REIT – Retail
Rating: Raymond James has decreased the target price to CAD 9 for Slate Grocery REIT. The stock is currently trading at CAD 10.42, slightly above the new target, resulting in a “Hold” rating. This suggests a cautious stance, indicating that the stock may not offer significant gains in the near term within the retail real estate investment trust sector.
Celestica Inc. (CLS:CA)Analyst: TD Securities
Industry: Electronic Components
Rating: TD Securities maintains their “Buy” rating for Celestica Inc., with a target price of CAD 40. However, the stock has decreased by 33.61% to CAD 23.70 since their previous rating, prompting a rating change to “Hold,” but they remain “Very Bullish” about it. This update was made on 10/25/2023.
Canadian National Railway Company (CNR:CA)
Analyst: Scotia Capital
Industry: Railroads
Rating: Scotia Capital has changed their rating on Canadian National Railway Company to “Sector Perform” and decreased the target price to CAD 168. The stock was trading at CAD 164.45, which is 4.23% higher than the target price. Previously, the rating was “Buy,” but it is still considered “Bullish” as of 10/25/2023.
Canadian National Railway Company (CNR:CA)
Analyst: Morningstar
Industry: Railroads
Rating: Morningstar maintains their “Hold” rating for Canadian National Railway Company at a target price of CAD 151. The stock’s current trading price, CAD 164.45, is 4.23% above their target. The stock was previously rated as “Buy,” and the outlook remains “Bullish” as of 10/25/2023.
Canadian National Railway Company (CNR:CA)
Analyst: Barclays
Industry: Railroads
Rating: Barclays has an “Equal Weight” rating for Canadian National Railway Company, with an increased target price of CAD 155. The stock is trading at CAD 164.45, which is 4.23% above the target price. The previous rating was “Buy,” and the stock is still considered “Bullish” as of 10/25/2023.
Canadian National Railway Company (CNR:CA)
Analyst: Desjardins Securities
Industry: Railroads
Rating: Desjardins Securities maintains their “Buy” rating for Canadian National Railway Company with a higher target price of CAD 172. The stock’s current price is CAD 164.45, which is 4.23% below the target. Previously, the rating was “Buy,” and the outlook is still “Bullish” as of 10/25/2023.
Teck Resources Limited (TECK-B:CA)
Analyst: Scotia Capital
Industry: Other Industrial Metals & Mining
Rating: Scotia Capital has set an “Outperform” rating with a decreased target price of CAD 72 for Teck Resources Limited. The stock is trading at CAD 63.34, which is 17.76% below the target. The rating is “Buy” and is “Bullish” as of 10/25/2023.
Teck Resources Limited (TECK-B:CA)
Analyst: Morningstar
Industry: Other Industrial Metals & Mining
Rating: Morningstar maintains their rating as “Hold” and has decreased the target price to CAD 53.5 for Teck Resources Limited. The stock is trading at CAD 63.34, which is 17.76% below the target. The rating remains “Buy” and is “Bullish” as of 10/25/2023.
Teck Resources Limited (TECK-B:CA)
Analyst: Canaccord Genuity
Industry: Other Industrial Metals & Mining
Rating: Canaccord Genuity has decreased the target price to CAD 66 for Teck Resources Limited. The stock is trading at CAD 63.34, which is 17.76% below the target. The rating is “Buy” and is “Bullish” as of 10/25/2023.
Teck Resources Limited (TECK-B:CA)
Analyst: Jefferies & Company
Industry: Other Industrial Metals & Mining
Rating: Jefferies & Company has decreased the target price to CAD 70 from $80 Teck Resources Limited. The stock is trading at CAD 63.34, which is 17.76% below the target. The rating is “Buy” and is “Bullish” as of 10/25/2023.
TFI International Inc. (TFII:CA)
Analyst: Scotia Capital
Industry: Trucking
Rating: Scotia Capital has decreased the target price to CAD 170 for TFI International Inc. The stock is trading at CAD 170.85, which is 16.59% above the target. The rating is “Buy” and is “Bullish” as of 10/25/2023.
Wheaton Precious Metals Corp. (WPM:CA)
Analyst: Scotia Capital
Industry: Gold
Rating: Scotia Capital maintains their rating as “Outperform” for Wheaton Precious Metals Corp. with no specified target price. The stock is trading at CAD 70.00, which is 16.76% above the previous target. The rating is “Strong Buy” and is “Slightly Bullish” as of 10/25/2023.
These ratings provide insights into the opinions of various financial analysts regarding the recommended actions for these companies’ stocks, including their expectations on stock performance compared to the current market conditions.
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