Posted at 8:00 a.m.
Boralex gained a new fan on Friday.
Analyst Naji Baydoun, at iA Capital Markets, now recommends the purchase of the action of the Quebec producer of renewable energy.
This expert estimates that the stock market decline of 15% recorded by the stock Boralex since the end of August represents an opportunity.
They are now 10 analysts out of 13 to suggest buying the title.
The limited partnership Investissement Boyko acquired on Thursday a block of shares of Stingray worth approximately $270,000. The transaction involving 50,000 shares of the Montreal music services company was carried out privately at a unit price of $5.41.
One of the largest shareholders of mdf trade continues to increase its hold on the Longueuil e-commerce platform operator. US institutional investor Long Path Partners has purchased a total of 146,300 shares since the start of September.
Portfolio manager Daniel Ouellet, of Groupe Ouellet Bolduc, affiliated with Desjardins Wealth Management, maintains that we must avoid securities of companies that are too indebted because they risk seeing their cost of financing increase significantly in the context current rate hike.
In a video capsule sent to his clients this week, he specifies that the consumer is called upon to make choices, and this is why titles linked to discretionary spending seem more at risk. An example of an investment to avoid at the moment according to him is Air Canada, coming out of the pandemic heavily indebted with businesses that depend on the travel industry.
The Montreal company Dominion Water announced Tuesday that the owner of the Pointe-Calumet Beachclub, Olivier Primeau, is its new CEO. He also obtained a seat on the board of this company, which maintains that it holds permits allowing it to control more than 30% of the volume of underground fresh water reserves in Quebec. With a market capitalization of around twenty million dollars, Dominion Water is considered a “micro cap” and its shares are listed on the Canadian Securities Exchange (CSE).
A leader at Uni-Select has just purchased $50,000 worth of shares in the Boucherville auto parts supplier. Emilie Gaudet, president and chief operating officer of automotive products in Canada, bought a block of 1,360 shares on September 13.
Portfolio manager Cimon Plante, affiliated with National Bank Financial, points out that he often hears people say that if they had bought shares of a Quebec pillar when it went public (CGI, Couche-Tard, etc.), they would have made a good move. “If an investor wishes to invest in a future Quebec mainstay that has recently made the jump to the stock market, now is the time to do so,” he says, thinking of a very specific security whose risk/reward ratio he considers rather “interesting. “.
“ Coveo has a sound financial position and is a leader in a future sector, that of optimizing the customer experience using artificial intelligence. Growth stocks are unscrewing right now, but if you’re looking for a Quebec idea to invest in for the long term, assuming it stays in the speculative sandbox, I suggest Coveo. »
An administrator at Boralex has just bought a block of shares in the Quebec producer of renewable energy. Dany St-Pierre bought 1530 shares on September 7. This is the first time Dany St-Pierre has purchased Boralex shares since becoming a board member in 2016.
The Quebec titles of Lassonde, Bank Laurentian, Waterfalls, Heroux-Devtek, Havision, Guru, CAE, Cogeco, Lion, Senvest Capital and Velan all reached a new 52-week low on the Toronto Stock Exchange this week.