The Globe and Mail reports in its Friday, March 21, edition that Canaccord Genuity analyst Yuri Lynk has elevated his recommendation for Enterprise Group to "buy" from "hold." The Globe's David Leeder writes that Mr. Lynk gave his share target a 30-cent trim to $2.10. Analysts on average target the shares at $2.71. Mr. Lynk says in a note: "We are upgrading Enterprise Group following Q4/24 results that missed our forecasts. Since launching coverage on Enterprise on Feb. 19, 2025, its shares have declined 47 per cent as risk assets have underperformed since then on tariff-induced macroeconomic worries. Enterprise's Q4/24 print contributed to half of this decline with the top to bottom line missing consensus estimates. However, management noted a quarter-to-date recovery in demand and customer sentiment, with quote requests pointing to a sustained recovery. Our longer-term positive view on Enterprise remains unchanged. Therefore, we now see a more attractive reward-to-risk proposition in Enterprise shares. The company trades at 6.6 times EV/EBITDA (2025E), down from 10.5 times when we launched. By way of comparison, the energy services group trades at three times and equipment rental companies trade at 6.9 times."
© 2026 Canjex Publishing Ltd. All rights reserved.