Posted at 9:00 a.m.
With only one session left in January, Dorel is the Quebec stock that has recorded the strongest rise so far in 2022 on the Toronto Stock Exchange.
The Montreal-based children’s car seat and furniture maker announced earlier this month that it would pay a special dividend of US$12 (C$15.33) per share following the sale of its manufacturing division of bicycles. The stock is up 19% since the 1er January.
Richelieu Hardware (+14%), Supremex (+13%), iA Financial Group (+13%), Transat (+10%), Laurentian Bank (+9%), VAT group (+8%), Stingray (+7%) and Velan (+ 6%) are the other big Quebec winners of the month.
Among the losers at this turbulent start to the year, Coveo (-44%), Opsens (-36%), Taiga (- 30 %), Xebec (- 30 %), Lightspeed (-29%), Bellus Health (-28%), Dialogue (-28%), Goodfood Market (-25%), NanoXplore (-24%), Neptune (-24%), Tecsys (-21%), Lion (-20%) and Guru (-20%) are the Quebec securities absorbing the largest declines to start 2022.
the NC earned an additional recommendation this week after releasing its year-end performance and announcing the appointment of its new CEO and an agreement with its second-largest shareholder. Analyst Steve Hansen, of the firm Raymond James, has been suggesting since Wednesday to buy the action of the Montreal rail carrier. Its decision to suggest buying from now on is linked to the better-than-expected results and the improvement in the forecasts for 2022 by management.
The largest shareholder of Guru bought earlier this week for nearly $140,000 of shares in the Montreal-based organic energy drink company. Member of Guru’s board of directors, Éric Graveline, bought a block of 10,000 shares on Monday at a unit price of $13.70.
Boralex gained new support earlier this week. Credit Suisse now recommends the purchase of the title of the Montreal producer of renewable energy. As the year-end results loom on February 23, analyst Andrew Kuske particularly appreciates the return potential that could soon be generated.
An administrator of NC has just purchased for just over $150,000 shares of the Montreal rail carrier. Margaret McKenzie bought a block of 1,000 shares on Thursday at a unit price of $151.38.
The American firm Jefferies withdrew its sell recommendation on the stock ofHexo. Analyst Owen Bennett, however, still does not suggest buying the action of the Gatineau cannabis producer. Its 12-month target rises to 67 cents. It was previously at $1.35. Only one of the 10 analysts officially interested in Hexo is offering to buy.
The big boss of NanoXplore has just purchased approximately $120,000 worth of shares in the Montreal producer of graphene. Soroush Nazarpour bought during the January 21 and January 25 trading sessions a total of 25,000 shares.
The Quebec titles of Dollarama, Aimia and Richelieu Hardware hit a 52-week high this week in Toronto. At the opposite, Cogeco Communications, mdf trade, Havision, PyroGenesis, Bausch Health, Tecsys, Dialogue, Lion, Saputo, Coveo, Taiga, Hexo, Marlet good food, Lightspeed, Xebec and Neptune just hit a new 52-week low.