Canexus Corporation Stock Rating Reaffirmed by CIBC (CUS)
Canexus Corporation (TSE:CUS)‘s stock had its “sector outperform” rating reaffirmed by analysts at CIBC in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. They currently have a C$10.00 price objective on the stock. CIBC’s price objective would suggest a potential upside of 37.55% from the company’s current price.
Canexus Corporation (TSE:CUS) traded down 1.49% on Monday, hitting $7.27. 187,989 shares of the company’s stock traded hands. Canexus Corporation has a 1-year low of $6.95 and a 1-year high of $9.67. The stock has a 50-day moving average of $7.80 and a 200-day moving average of $8.77. The company has a P/E ratio of 36.90.
A number of other firms have also recently commented on CUS. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Canexus Corporation in a research note to investors on Tuesday, September 3rd. Separately, analysts at TD Securities cut their price target on shares of Canexus Corporation 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 from C$9.50 to C$9.00 in a research note to investors on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$9.64.
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