New Look Vision Group (BCI) Upgraded to “Outperform” by National Bank Financial

New Look Vision Group (TSE:BCI) was upgraded by research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a report released on Thursday. The brokerage currently has a C$38.00 target price on the stock, up from their prior target price of C$35.00. National Bank Financial’s price target indicates a potential upside of 12.43% from the stock’s previous close.

Shares of New Look Vision Group (TSE BCI) traded up C$0.68 during trading hours on Thursday, hitting C$33.80. 10,450 shares of the company were exchanged, compared to its average volume of 4,803. New Look Vision Group has a 12-month low of C$25.30 and a 12-month high of C$37.19. The company has a market capitalization of $512.53, a price-to-earnings ratio of 45.07 and a beta of 0.62.

New Look Vision Group (TSE:BCI) last issued its earnings results on Monday, November 13th. The company reported C$0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.23 by C$0.06. New Look Vision Group had a net margin of 6.17% and a return on equity of 18.57%. The firm had revenue of C$55.21 million during the quarter, compared to analyst estimates of C$52.05 million.

In related news, insider Mario Pageau sold 1,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of C$33.70, for a total transaction of C$33,700.00.

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About New Look Vision Group

New Look Vision Group Inc is a Canada-based provider of eye care products and services. The Company’s products include sunglasses, eyeglasses, ophthalmic glasses and contact lenses. It has four main banners: New Look Eyewear, Vogue Optical, Greiche & Scaff and iVision. New Look Eyewear banner operates over 80 stores in the major cities of the province of Quebec and in the Ottawa Region.

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