10:42:44 EST Sat 21 Dec 2024
Enter Symbol
or Name
USA
CA



GFL Environmental Inc
Symbol GFL
Shares Issued 364,726,221
Close 2024-08-02 C$ 55.49
Market Cap C$ 20,238,658,003
Recent Sedar Documents

Globe says RBC's Khan continues to see value at GFL

2024-08-02 07:47 ET - In the News

The Globe and Mail reports in its Friday, Aug. 2, edition that RBC Capital analyst Sabahat Khan is sticking with his "outperform" recommendation for GFL Environmental. The Globe's David Leeder writes in the Eye On Equities column that Mr. Khan boosted his share target to $48 (U.S.) from $46 (U.S.). Analysts on average target the shares at $56.66 (U.S.). Mr. Khan says in a note: "The big news this quarter was the announcement that GFL is looking to undertake an auction process for its environmental services business, which management believes could get a mid-teens multiple (EV of $6-million to $7-billion using 2023 segment-level EBITDA precorporate overhead). Overall, we continue to see value in GFL shares given the valuation discount vs. peers and optionality/flexibility a potential disposition would provide." The Globe reported on May 5 that Scotia Capital analyst Michael Doumet had reaffirmed his "sector outperform" recommendation for GFL Environmental. The shares could then be had for $44.84. The Globe reported on June 19 that ATB Capital Markets analyst Chris Murray resumed coverage on GFL Environmental with an "outperform" recommendation. The shares could then be had for $52.60.

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