GDI Integrated (GDI) Gets a Hold Rating from CIBC

By Carrie Williams

GDI Integrated (GDIResearch Report), the Services sector company, has received a rating update from a Wall Street analyst yesterday. CIBC’s analyst Scott Fromson reiterates their Hold rating on the shares, with a C$31 price target.

According to TipRanks.com, Fromson is ranked #2367 out of 5239 analysts.

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Currently, the analyst consensus on GDI Integrated is a Moderate Buy with an average price target of C$30.67.

Based on GDI Integrated’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$1.5 million. In comparison, last year the company had a net profit of C$3.46 million.

GDI Integrated Facility Services, Inc. engages in the provision of commercial facility services. It operates through the following segments: Janitorial Canada, Janitorial USA, Technical Services, and Complementary Services.

The company’s shares closed on Friday at C$29, close to its 52-week high of C$31.19.