14:19:21 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



ShawCor Ltd
Symbol MATR
Shares Issued 68,334,229
Close 2023-11-28 C$ 13.91
Market Cap C$ 950,529,125
Recent Sedar Documents

Globe says Stifel's Hodgins keeps ShawCor at "buy"

2023-11-29 07:49 ET - In the News

The Globe and Mail reports in its Wednesday, Nov. 29, edition that Stifel analyst James Hodgins thinks "it's time to buy Canadian small caps." The Globe's David Leeder writes that Mr. Hodgins says in a note: "After underperforming for the better part of the past decade, Canadian small cap equities are literally begging to be bought. The value is there, the cycle returns are there and the seasonality is now here. ... Small cap equities historically also benefit from the yield curve resteepening, which it inevitably will do. While we realize many small cap names are bearing the brunt of tax-loss selling, that peak selling pressure is due to abate within two to three weeks, thereby giving investors an opportunity to pick up great small cap companies at bargain-basement prices." Mr. Hodgins adds that small caps have never been cheaper relative to their large peers, "making them a great value call." Mr. Hodgins says ShawCor is on his firm's list of top small-cap ideas. He rates ShawCor "buy" with a $26 share target. Analysts on average target the shares at $21.56. The Globe reported on Oct. 4 that Stifel analyst Ian Gillies had reaffirmed his "buy" recommendation for ShawCor when it could be had for $15.24.

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