Emblem Corp. (TSXV:EMC) received a continued Speculative Buy rating and a higher one-year price target of $2.25 in an updated review from Echelon Wealth Partners analyst Russell Stanley. Emblem’s stock price is currently $1.88, with a market cap of $134.67 million.
The new price target implies a 40% upside potential for the company stock. Over the past five trading days, the company stock rose 16.77%.
Emblem Corp announced on November 15 it had completed a bought deal financing that netted $28.8-million. The majority of the proceeds will be used to fund its new 170,000 sq ft Paris Roads facility.
Source: Cantech Letter