Canam Group Rating Increased to Outperform at RBC Capital (CAM)
Canam Group (TSE:CAM) was upgraded by research analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report released on Thursday, Analyst Ratings.Net reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of Canam Group from an “outperform” rating to a “strong-buy” rating in a research note to investors on Monday, September 23rd. Analysts at National Bank Financial raised their price target on shares of Canam Group from C$11.00 to C$11.50 in a research note to investors on Wednesday, August 7th.
Shares of Canam Group (TSE:CAM) traded up 3.51% during mid-day trading on Thursday, hitting $11.49. The stock had a trading volume of 227,064 shares. Canam Group has a 52-week low of $5.29 and a 52-week high of $10.64. The stock has a 50-day moving average of $9.80 and a 200-day moving average of $9.19. The company has a market cap of $479.2 million and a price-to-earnings ratio of 19.14.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 3rd. Investors of record on Sunday, December 15th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.44%.
Canam Group Inc is a manufacturing company specializing in the design and fabrication of customized construction products and solutions.
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