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UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Raises PT on WMS Industries

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Earnings Scheduled For August 27, 2013

In a report published Friday, BMO Capital Markets reiterated its Market Perform rating on WMS Industries (NYSE: WMS), and raised its price target from $18.00 to $26.00.

BMO Capital Markets noted, “The $26.00 per share acquisition represents a 60% premium to yesterday's closing price. We anticipate it will take seven to nine months for all regulatory hurdles to be cleared, including anti-trust approval. The purchase price implies an EV/EBITDA multiple of approximately 6 times trailing 12-months adjusted EBITDA.”

WMS Industries closed on Thursday at $24.75.

Latest Ratings for WMS

DateFirmActionFromTo
May 2015BarclaysMaintainsOverweight
Apr 2015BairdInitiates Coverage onNeutral
Feb 2015Boenning & ScattergoodInitiates Coverage onOutperform

View More Analyst Ratings for WMS
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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