The Globe and Mail reports in its Friday, March 1, edition that RBC Capital analyst Keith Mackey has reaffirmed his "outperform" recommendation for CES Energy Solutions. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mackey gave his share target a 50-cent lift to $5.50. Analysts on average target the shares at $5.23. Mr. Mackey says in a note: "CES Energy Solutions 4Q23 adjusted EBITDAC was 9 to 11 per cent above Street/RBC consensus on stronger margins and higher revenue. We increase our 2024/25 EBITDAC estimates by 2 per cent on higher revenues and improved margins given the continued growth of the company's production chemicals business." The Globe reported on Nov. 22 and Jan. 26 that National Bank Financial analyst Dan Payne rated CES Energy "sector perform." It was then worth $3.56 and $4.14. The Globe reported on Nov. 15 that Mr. Mackey had reaffirmed his "outperform" recommendation for CES Energy. The shares could then be had for $3.06. The Globe reported on Feb. 2 that BMO Nesbitt Burns analyst John Gibson rated CES Energy "outperform." The shares could then be had for $3.98.
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