Canam Group Inc. (TSE:CAM)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday, StockTargetPrices.com reports. They currently have a C$11.00 target price on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 8.06% from the company’s previous close.
CAM has been the subject of a number of other research reports. Cormark downgraded shares of Canam Group from a “buy” rating to a “market perform” rating in a report on Thursday, July 14th. Laurentian set a C$16.50 price target on shares of Canam Group and gave the company a “buy” rating in a report on Friday, July 15th. National Bank Financial decreased their price objective on shares of Canam Group from C$19.00 to C$15.50 in a research note on Friday, July 15th. Raymond James Financial Inc. decreased their price objective on shares of Canam Group from C$19.00 to C$15.00 in a research note on Friday, July 15th. Finally, Laurentian Bank of Canada reissued a “buy” rating and issued a C$16.50 price objective on shares of Canam Group in a research note on Friday, July 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$14.14.
Canam Group (TSE:CAM) traded down 0.29% during midday trading on Wednesday, hitting $10.15. The stock had a trading volume of 11,415 shares. The company has a market capitalization of $471.72 million and a PE ratio of 38.59. The stock’s 50-day moving average is $9.90 and its 200-day moving average is $11.89. Canam Group has a 1-year low of $9.03 and a 1-year high of $15.26.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, September 14th.
Canam Group Company Profile
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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