Stuart Olson Receives a Buy from AltaCorp Captial

By Austin Angelo

Stuart Olson (TSX: SOX), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Chris Murray from AltaCorp Captial remains bullish on the stock and has a C$7.50 price target.

According to TipRanks.com, Murray is ranked #348 out of 4702 analysts.

Stuart Olson has an analyst consensus of Moderate Buy, with a price target consensus of C$6.75.

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 22.7K.

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 Friday at C$5.44.