Royal Bank Of Canada Reiterates “Outperform” Rating for Canam Group Inc. (CAM)
Canam Group Inc. (TSE:CAM)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday. They presently have a C$11.00 price target on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 7.53% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the stock. National Bank Financial dropped their price target on shares of Canam Group from C$15.50 to C$12.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. Raymond James Financial Inc. dropped their price target on shares of Canam Group from C$19.00 to C$15.00 in a research report on Friday, July 15th. Cormark cut shares of Canam Group from a “buy” rating to a “market perform” rating in a report on Thursday, July 14th. Laurentian Bank of Canada restated a “buy” rating and issued a C$16.50 price objective on shares of Canam Group in a report on Friday, July 15th. Finally, RBC Capital Markets dropped their price objective on shares of Canam Group from C$15.00 to C$11.00 in a report on Friday, August 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$14.14.
Shares of Canam Group (TSE:CAM) opened at 10.23 on Wednesday. The stock has a market cap of $475.44 million and a PE ratio of 38.90. Canam Group has a 52-week low of $9.03 and a 52-week high of $15.26. The company’s 50-day moving average is $9.95 and its 200-day moving average is $11.86.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.56%. 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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