Stuart Olson Received its Third Buy in a Row

By Jason Carr

Stuart Olson (TSX: SOX), has been popular among analysts lately as another research firm gave the stock a Buy rating yesterday. TD Securities’ analyst Michael Tupholme upgraded SOX to Buy , with a C$7 price target.

According to TipRanks.com, Tupholme is ranked #747 out of 4702 analysts.

Currently, the analyst consensus on Stuart Olson is Strong Buy and the average price target is C$7.33, representing a 35.2% upside.

In a report issued on November 12, AltaCorp Captial also reiterated a Buy rating on the stock with a C$7.50 price target.

The company has a one-year high of C$6.08 and a one-year low of C$4.99. Currently, Stuart Olson has an average volume of 24.7K.

Stuart Olson, Inc. provides general contracting, electrical contracting and data systems in the institutional and commercial markets, and general contracting, electrical, mechanical, earthmoving, insulation and specialty trade services in the industrial construction market. It operates through four segments: General Contracting, Commercial Systems, Industrial Services, and Corporate and Other. The General Contracting segment constructs commercial, institutional and industrial buildings. The Commercial Systems segment designs, builds, maintains and services electrical and data communication systems for commercial, institutional, light industrial and multi-family residential customers. The Industrial Services segment consists of laird electric and constructors services. The Corporate and Other segment includes Churchill’s corporate and staff functions of accounting, treasury, human resources, information technology services, corporate development, investor relations, legal services and internal audit. Stuart Olson was founded on August 31, 1981 and is headquartered in Calgary, Canada.

The company’s shares closed on Monday at C$5.42.