Posted at 9:00 a.m.
September was the case of the dragon forged on the Toronto Stock Exchange.
The title of ADF Group is the one that posted the most interesting performance in Quebec during the month. The steel structure specialist’s stock rose 25% in September. Most of the appreciation was recorded on the day of the publication of the quarterly results on September 8.
Bausch Health (+21%) and Theratechnologies (+ 13%) are the two other big Quebec winners of the month in Toronto.
Among the losers, Xebec sold 41% of its value before becoming safe from creditors this week. Guru (-36%), Dorel (- 30 %), Dialogue (-27%), Lion (-26%), Havision (-23%) and Bomber (-24%) also had a bad month.
The Montreal retailer DavidsTea dumped 43% of its remaining value on NASDAQ in September.
Analyst Neehal Upadhyaya of iA Capital Markets this week launched official coverage of the activities of Lightspeed by recommending the purchase of the share of the Montreal provider of technological solutions for businesses. This expert calls the growth potential offered by payment solutions “attractive”. The adoption of payment solutions will, he says, be the driving factor for Lightspeed’s growth and profitability in the coming years. They are now 11 analysts out of 13 to offer to buy.
A member of the board of directors of Dollarama has just sold more than $625,000 worth of shares in the Montreal retailer. Huw Thomas sold a block of 5,200 shares on Monday before selling a block of 3,000 shares on Thursday. He has been a board member since 2011.
Two of the ten analysts officially interested in Xebec still recommending the purchase of the action of the Montreal supplier of technologies intended for the production of renewable gases at the time when the management announced Thursday that the company was placed sheltered from its creditors. In response to the news, Desjardins Securities suspended its coverage of Xebec and indicated that the posted buy suggestion should no longer be taken into account.
The value proposition offered in stores Dollarama impresses analyst Martin Landry of the firm Stifel GMP. In a report released on Monday, he said the stock is sure to grab consumer attention, accelerating market share gains as Canadians try to “fight” inflation and rising interest rates. The Montreal retailer will benefit from this trend for several quarters to come, he says. He believes investors should consider the stock.
For the second week in a row, Boralex earned an additional buy recommendation. The firm Credit Suisse decided at the beginning of the week to henceforth suggest the purchase of the title of the Quebec producer of renewable energy. Analyst Andrew Kuske explains his decision mainly as a question of valuation in the wake of the recent decline in the stock market. Eleven of the thirteen analysts who follow the title say to buy.
Chairman of the Board of Directors ofAlithya has just purchased for nearly $200,000 shares of the Montreal company specializing in the digital transformation of organizations. Pierre Turcotte bought a block of 75,000 shares on Tuesday. He has been a board member for 11 years.
The Quebec titles of Dorel, Laurentian Bank, Waterfalls, Heroux-Devtek, Havision, Guru, CAE, Cogeco, Lion, Senvest Capital, Velan and ECB all reached a new 52-week low on the Toronto Stock Exchange this week.