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

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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
Apr 2021BarclaysMaintainsOverweight
Apr 2021Morgan StanleyMaintainsEqual-Weight
Feb 2021Morgan StanleyUpgradesUnderweightEqual-Weight

View More Analyst Ratings for WMS
View the Latest Analyst Ratings

 

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

Latest Ratings

StockFirmActionPT
FIBKStephens & Co.Downgrades
LEAFCanaccord GenuityDowngrades8.5
AGMSidoti & Co.Downgrades115.0
KEXGabelli & Co.Downgrades
OCGNCantor FitzgeraldDowngrades11.0
View the Latest Analytics Ratings
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