Canexus Corporation Downgraded to Sector Perform at CIBC (CUS)
Canexus Corporation (TSE:CUS) was downgraded by equities researchers at CIBC to a “sector perform” rating in a research report issued on Wednesday, Stock Ratings Network.com reports. They currently have a C$7.50 price target on the stock, down from their previous price target of C$9.00. CIBC’s price target suggests a potential upside of 14.16% from the company’s current price.
Shares of Canexus Corporation (TSE:CUS) traded down 7.91% during mid-day trading on Wednesday, hitting $6.05. The stock had a trading volume of 509,977 shares. Canexus Corporation has a one year low of $5.72 and a one year high of $9.67. The stock’s 50-day moving average is $9.03 and its 200-day moving average is $9.06. The company has a P/E ratio of 29.86.
A number of other analysts have also recently weighed in on CUS. Analysts at TD Securities downgraded shares of Canexus Corporation from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, November 12th. They now have a C$7.00 price target on the stock, down previously from C$9.50. Separately, analysts at Acumen Capital cut their price target on shares of Canexus Corporation from C$8.50 to C$7.50 in a research note to investors on Monday, November 11th. Finally, analysts at National Bank Financial cut their price target on shares of Canexus Corporation from C$9.00 to C$7.50 in a research note to investors on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of C$7.75.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.