BMO Capital analyst John Gibson CFA maintained a Hold rating on Mattr yesterday and set a price target of C$8.00.
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John Gibson CFA has given his Hold rating due to a combination of factors, including quarterly results that were slightly ahead of expectations but paired with a cautious outlook into 2026. While Composite Technologies showed modest revenue growth and better margins driven by Flexpipe market share gains, this was tempered by lingering weakness in well completion activity and uneven performance across segments.
Connection Technologies delivered strong year-over-year revenue growth aided by the AmerCable acquisition and improved margins, yet softer Canadian industrial demand and macro uncertainty limit confidence in sustained acceleration. With 2026 EBITDA guided to be flat to slightly below 2025 and ongoing macro and tariff headwinds, he keeps a neutral stance, maintaining the $8 target price and Market Perform (Hold) rating despite acknowledging attractive longer-term potential as the company’s platforms increasingly integrate.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MATR in relation to earlier this year.