Q: Hi Team,
At the time of this question PRL is up approx 6% and GSY 3%. Just wondering if there is anything sector related to account for the positive move today being that both these names are moving up together today? GSY is finally starting to build some steam...any comments? Perhaps share buybacks at GSY?
Thanks,
Shane.
At the time of this question PRL is up approx 6% and GSY 3%. Just wondering if there is anything sector related to account for the positive move today being that both these names are moving up together today? GSY is finally starting to build some steam...any comments? Perhaps share buybacks at GSY?
Thanks,
Shane.
5i Research Answer:
Raymond James today raised its target on PRL today from $47 to $52 giving it a boost. There is no GSY news but it likely is moving just in sympathy. GSY has lagged its peer and is thus quite a lot cheaper on valuation currently.