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Boat Rocker Media Inc
Symbol BRMI
Shares Issued 32,841,478
Close 2024-04-02 C$ 0.86
Market Cap C$ 28,243,671
Recent Sedar Documents

Globe says Boat Rocker Media kept at "outperform"

2024-04-03 08:33 ET - In the News

The Globe and Mail reports in its Wednesday, April 3, edition that RBC Capital analyst Drew McReynolds has reaffirmed his "outperform" recommendation for Boat Rocker Media. The Globe's David Leeder writes in the Eye On Equities column that Mr. McReynolds cut his share target back by a loonie to $4. Analysts on average target the shares at $3.13. Mr. McReynolds says in a note: "Q4/23 results were slightly better than expected while a still strike-impacted 2024 adjusted EBITDA outlook was ahead of our forecast. Factoring in more conservative growth assumptions for 2025, our price target decreases from $5 to $4. We continue to see value in the stock alongside what we believe is upside potential to our 2025 forecast." The Globe reported on April 1, 2023, that Canaccord Genuity analyst Aravinda Galappatthige had reaffirmed his "buy" recommendation for Boat Rocker when it could be had for $2.25. The Globe reported on April 25, 2023, that Mr. McReynolds continued to rate Boat Rocker "outperform." The shares were then going for $2.11.

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