Laurentian Bank Securities 2016 Outlook: This Year's Preferred Picks

MONTREAL, Jan. 14, 2016 /CNW/ - Laurentian Bank Securities (LBS) has issued its Annual Institutional Equity Outlook in which it recommends its preferred stock picks for the year. In each of the last three years, its annual picks have outperformed the index.

"Our 2015 picks significantly outperformed the S&P/TSX Small Cap Index, as did our overall recommendations. LBS's 2015 picks returned an outstanding 25% compared to the S&P/TSX small cap index's return of -16%", said Ben Vendittelli, Senior Vice-President, Institutional Equity at Laurentian Bank Securities. "Our analysts made remarkable recommendations across the board in 2015, highlighting our firm's focus on quality research to add value to clients. Our LBS coverage universe recommendations returned a very strong +15%".

LBS's 2016 preferred picks are:










Company

Sector

LBS Analyst

Ticker

Rating

Market
Cap (M)

Price

Target

Div.
Yield










Ag Growth International

Agriculture

Nelson Mah

AFN-T

Buy

$431.1

$28.90

$35.00

8.1%

Chesswood Group Ltd.

Financials

Marc Charbin

CHW-T

Buy

$147.2

$9.08

$15.50

8.6%

Cipher Pharmaceuticals Inc.

Healthcare

Joseph Walewicz

CPH-T/CPHR-O

Buy

US$110.1

US$4.31

US$8.50

na

Halogen Software Inc.

Diversified Technology

Nick Agostino

HGN-T

Buy

$152.7

$7.01

$11.00

na

Integra Gold Corp.

Gold

Pierre Vaillancourt

ICG-V

Spec. Buy

$113.7

$0.32

$0.90

na

Milestone Apartments REIT

Real Estate

Nelson Mah

MST.UN-T

Buy

$863.2

$14.35

$18.00

4.6%

Reservoir Minerals Inc.

Base Metals

Pierre Vaillancourt

RMC-V

Buy

$193.9

$3.98

$7.00

na

Stella-Jones Inc.

Industrials

Mona Nazir

SJ-T

Buy

$3,401.5

$48.37

$55.00

0.7%

Uni-Select Inc.

Special Situations

Michael Glen

UNS-T

Buy

$1,449.4

$65.98

$75.00

1.0%










T - Toronto Stock Exchange, V - TSX Venture Stock Exchange





Source: Thomson; LBS estimates.


All prices as of: Jan. 13, 2016

 

Every year, Laurentian Bank Securities hosts an Annual Institutional Investor Conference with close to 50 corporate issuers. This year's event will take place on April 7 at the Sofitel Hotel in Montreal.

A copy of LBS' 2016 Outlook report is available upon request for members of the press.  

About Laurentian Bank Securities

Laurentian Bank Securities (LBS), is an integrated full-service investment dealer, focusing on five lines of business. The well respected Institutional Fixed Income division has a strong presence in Government and Corporate underwritings, as well as in secondary markets. In addition, the Institutional Equity division is solidly established across the country and focuses on serving clients through research, trading and investment banking in the small capitalization sector. The fast-growing Retail division and Discount Brokerage division currently serve clients through 16 offices in Quebec, Ontario and Manitoba. Furthermore, LBS' corresponding business provides complete back office support to a wide range of customers.

 

SOURCE Laurentian Bank Securities

For further information: Carine Salvi, External Communications Advisor, Laurentian Bank, 514 284-4500, ext. 4695

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