Stuart Olson (TSE:SOX) Price Target Cut to C$3.25

Stuart Olson (TSE:SOX) had its price target cut by Canaccord Genuity from C$4.50 to C$3.25 in a research note published on Monday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. CIBC dropped their price objective on Stuart Olson from C$5.00 to C$4.00 in a report on Tuesday, July 16th. National Bank Financial dropped their price objective on Stuart Olson from C$3.50 to C$3.00 and set an underperform rating for the company in a report on Friday, August 9th. Finally, Raymond James dropped their price objective on Stuart Olson from C$5.00 to C$3.50 and set a market perform rating for the company in a report on Friday, August 9th.

SOX opened at C$2.68 on Monday. The business has a fifty day moving average of C$3.40 and a 200 day moving average of C$4.14. Stuart Olson has a 52-week low of C$2.66 and a 52-week high of C$6.78. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 95.57. The stock has a market cap of $96.86 million and a P/E ratio of -33.09.



The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 8.96%. The ex-dividend date is Friday, September 27th. Stuart Olson’s dividend payout ratio is -518.52%.

About Stuart Olson

Stuart Olson Inc provides general contracting and electrical building systems contracting to the institutional and commercial construction markets in Canada. The company's Buildings Group segment provides general contracting services, including integrated project delivery, construction management, and design-build services for schools, hospitals, and high-rise buildings; and provision of management, estimating, accounting, site management, field workers, and equipment in order to complete projects.

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