Cormark Weighs in on People Co.’s FY2018 Earnings (PEO)
People Co. (CVE:PEO) – Cormark dropped their FY2018 earnings estimates for People in a research report issued to clients and investors on Wednesday. Cormark analyst G. Fairweather now expects that the company will post earnings of $0.18 per share for the year, down from their prior estimate of $0.21. Cormark also issued estimates for People’s FY2019 earnings at $0.24 EPS.
PEO has been the subject of a number of other reports. National Bank Financial reissued an “outperform” rating and set a C$8.50 price target on shares of People in a research report on Thursday, November 23rd. Laurentian lifted their price target on shares of People from C$7.80 to C$9.00 in a research report on Thursday, November 23rd. Finally, Laurentian Bank of Canada lifted their price target on shares of People from C$7.80 to C$9.00 in a research report on Thursday, November 23rd.
Shares of People (PEO) traded up C$0.20 during midday trading on Friday, reaching C$7.75. 51,954 shares of the company were exchanged, compared to its average volume of 58,825. People has a one year low of C$4.10 and a one year high of C$7.93.
People Corporation provides group benefits, group retirement, and human resource services in Canada. The company offers consulting advice primarily comprising plan review and plan design, plan recommendations and alternative funding methods, plan set up, employee communications, wellness programs, and plan marketing services.
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