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National Bank of Canada Maintains Rockpoint's Outperform Rating, C$35 Price Target

BY MT Newswires | ECONOMIC | 10:43 AM EDT

10:43 AM EDT, 06/09/2026 (MT Newswires) -- National Bank of Canada retained Rockpoint Gas Storage (RPGSF) 's outperform rating and C$35 price target, according to a note published Sunday.

The bank recently hosted institutional investor meetings with Rockpoint executives led by Chief Executive Officer Toby McKenna.

The meetings reaffirmed National Bank's bullish investment stance on the company's strategic positioning and priorities, which are oriented toward recontracting existing assets under increasingly attractive terms, the bank said.

Rockpoint is also executing accretive organic growth opportunities and building dry powder for M&A and share buyback potential, National Bank added.

The company's $35 price target is based on a risk-adjusted dividend yield of 4.00% applied to the estimated 2028 dividend of US$0.95 per share, a 12.0x multiple of the bank's 2028 Free-EBITDA and discounted cash flow per share valuation of US$25.00.

Rockpoint traded at C$28.69 per share at last look Tuesday on the Toronto Stock Exchange.

Price: 28.69, Change: +0.04, Percent Change: +0.14

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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