RBC Capital Reaffirms Their Buy Rating on Uni-Select

By Ryan Adsit

Uni-Select (TSX: UNS), the Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Deane Dray from RBC Capital rated Uni-Select (TSX: UNS) a Buy, setting a C$38 price target.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.7% and a 61.9% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

Currently, the analyst consensus on Uni-Select is Moderate Buy and the average price target is C$36.75, representing a 19.8% upside.

In a report issued on June 2, Scotiabank also maintained a Buy rating on the stock with a C$39 price target.

The company has a one year high of C$37.03 and a one year low of C$27.64. Currently, Uni-Select has an average volume of 93.57K.

Uni-Sélect, Inc. focuses on the distribution, sale and marketing of automotive replacement parts and accessories, tools and equipment and paint, and collision repair products in Canada and U.S. The company operates its business through three segments: Paint and related products, Automotive products, and Corporate and others. The Paint and related products segment engages in the distribution of automotive refinish and industrial paint and related products representing FinishMaster, Inc. The Automotive products segment engages in the distribution of automotive aftermarket parts through Canadian networks. The Corporate and others deals with head office expenses and other expenses mainly related to the financing structure. Uni-Sélect was founded on November 22, 1968 and is headquartered in Boucherville, Canada

The company’s shares closed last Tuesday at $30.68.