Canexus Corporation Given New C$10.00 Price Target at CIBC (CUS)
Equities researchers at CIBC lowered their price target on shares of Canexus Corporation (TSE:CUS) from C$11.00 to C$10.00 in a research report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 36.80% from the company’s current price.
A number of other analysts have also recently weighed in on CUS. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Canexus Corporation (TSE:CUS) in a research note to investors on Tuesday, September 3rd. Separately, analysts at TD Securities cut their price target on shares of Canexus Corporation (TSE:CUS) from C$10.00 to C$9.50 in a research note to investors on Saturday, August 10th. They now have a “buy” rating on the stock. Finally, analysts at National Bank Financial cut their price target on shares of Canexus Corporation (TSE:CUS) from C$9.50 to C$9.00 in a research note to investors on Friday, August 9th.
Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$9.64.
Shares of Canexus Corporation (TSE:CUS) traded up 0.62% during mid-day trading on Wednesday, hitting $7.355. 261,249 shares of the company’s stock traded hands. Canexus Corporation has a one year low of $6.95 and a one year high of $9.67. The stock has a 50-day moving average of $7.95 and a 200-day moving average of $8.80. The company has a market cap of $1.109 billion and a price-to-earnings ratio of 36.55.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.14 per share. This represents a $0.55 annualized dividend and a dividend yield of 7.49%.
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