The Smart Investor | Couche-Tard receives support

Every Sunday we put the spotlight on financial and stock market news that may be useful to the investor but may have stayed under the radar.

Posted at 8:00 am

Richard Dufour

Richard Dufour
The press

Alimentation Couche-Tard is now almost unanimously on Wall Street and Bay Street.

Convenience store chain Laval received two new buy recommendations in the middle of the week after presenting its results at the start of the year.

National Bank Financial and Stifel GMP are now proposing to buy the stock. They are now offering 16 out of 17 for sale.

Both companies point this out Couche tard recently halted share buybacks, suggesting a takeover could happen soon.

Analyst Martin Landry of Stifel points out that despite a limited contribution from acquisitions, Couche-Tard continues to impress with its uninterrupted earnings growth. He considers the current assessment to be “reasonable”.

The American investment fund Long Path Partners has just increased its stake in MDF trade. The third-largest shareholder in e-commerce platform operator Longueuil bought half a million dollars worth of shares between Aug. 22 and 29.

bomber was the best performing Quebec stock in August on the Toronto Stock Exchange. Shares of the Montreal business jet maker surged 53% for the month. MDF trade (+41%) and puff Health (+34%) also had a very good month. Among the losers of the month guru fell 28% in August. Lion (-22%), Tecsys (-17%), enjoy your meal (-16%) and VAT (-15%) also had a difficult month.


PHOTO CATHERINE LEFEBVRE, ARCHIVE SPECIAL COLLABORATION

Mark Pathy, CEO of Stingray

The Chairman of the Board of stingray bought $1 million worth of stock in the Montreal-based music services company this week. Mark Pathy bought a total of 183,700 shares during the Tuesday and Wednesday sessions.

The founder and CEO of Lion bought a quarter million dollars’ worth of shares in the Saint-Jérôme-based electric vehicle maker this week. Marc Bédard bought a block of 50,000 shares at $5 each on Tuesday.

Analysts expect this from management Dollarama raised its forecasts Friday by releasing its quarterly results. If so, one must see how high they are raised.

The Quebec titles ofUniSelect and from Bellu’s health From Monday, September 19th, the stock of the pharmaceutical company Laval will be included in the main index of the Toronto Stock Exchange bulk health are excluded from the S&P/TSX 60 Index on the same day.


PHOTO ALAIN ROBERGE, THE PRESS

Bausch Health headquarters in Laval

Being forced out of or included in an index can have an impact as it can cause investors to take action and adjust their positions. Large amounts are invested through index funds, which track indices by holding the securities that make them up.

RBC on Thursday presented an update to its Canadian focus list for the fall, adding a Quebec title des National Bank. This list of about thirty titles still includes the names of Couche tard and from Dollarama. Securities selected for this list are rated as “high quality” and have a track record of creating shareholder value.

However, National Bank is the only stock on this list that does not have a buy rating from RBC. The analyst responsible for RBC’s title recommends “Market Performance”, which is the technical equivalent of “Hold”.

The Toronto Stock Exchange, New York Stock Exchange and NASDAQ will remain closed Monday for Labor Day.

The Quebec titles of cogeco, nuvei, Laurentian bench, CAE, Lion, Velan, market enjoy your meal, VAT, Heroux Devtek and guru all hit 52-week lows on the Toronto Stock Exchange this week.

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