Morneau Shepell (MSI) Gets a Hold Rating from TD Securities

By Jason Carr

A Wall Street analyst has provided a rating update for the Services sector company today, while remaining neutral on the stock. Analyst Graham Ryding from TD Securities remains neutral on Morneau Shepell (MSIResearch Report) and has a C$30 price target.

According to TipRanks.com, Ryding is a 4-star analyst with an average return of 10.1% and a 68.5% success rate. Ryding covers the Financial sector, focusing on stocks such as Canaccord Genuity, IGM Financial, and Sprott Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Morneau Shepell with a C$30 average price target.

Based on Morneau Shepell’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$9.56 million. In comparison, last year the company had a net profit of C$9.65 million.

Morneau Shepell, Inc. engages in the provision of human resource consulting and technology services. It s solutions includes employee assistance program; health and wellness; benefits and pension outsourcing; absence management solutions; and health plan solutions.

The company’s shares closed on Wednesday at C$28.98, close to its 52-week high of C$29.17.