Shares of Canam Group Inc. (TSE:CAM) have earned an average rating of “Buy” from the eight ratings firms that are covering the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$14.14.
A number of research firms have weighed in on CAM. Royal Bank Of Canada dropped their price objective on shares of Canam Group from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. Cormark lowered shares of Canam Group from a “buy” rating to a “market perform” rating in a research note on Thursday, July 14th. Laurentian set a C$16.50 price objective on shares of Canam Group and gave the company a “buy” rating in a research note on Friday, July 15th. National Bank Financial dropped their price objective on shares of Canam Group from C$19.00 to C$15.50 in a research note on Friday, July 15th. Finally, Raymond James Financial Inc. dropped their price objective on shares of Canam Group from C$19.00 to C$15.00 in a research note on Friday, July 15th.
Shares of Canam Group (TSE:CAM) opened at 10.39 on Friday. Canam Group has a 12-month low of $9.03 and a 12-month high of $15.26. The company has a market cap of $482.88 million and a P/E ratio of 39.51. The firm has a 50-day moving average of $9.85 and a 200-day moving average of $11.95.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 30th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.16 annualized dividend and a dividend yield of 1.54%.
About Canam Group
Canam Group Inc is engaged in designing integrated solutions and fabricating products for the North American construction industry. The Company operates through the construction products segment, which includes many complementary goods and services. The Company’s service offer extends from the preconstruction phase to project management, including the erection of structural steel components.
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