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Investment analysts at CIBC reduced their target price on shares of Sirius XM Canada Holdings (TSE:XSR) from C$9.50 to C$9.00 in a note issued to investors on Monday. CIBC’s price target points to a potential upside of 26.05% from the stock’s previous close.

Shares of Sirius XM Canada Holdings (TSE:XSR) opened at 7.14 on Monday. Sirius XM Canada Holdings has a 52-week low of $6.83 and a 52-week high of $10.50. The stock’s 50-day moving average is $7.38 and its 200-day moving average is $8.37. The company has a market cap of $892.0 million and a P/E ratio of 71.30.

XSR has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Sirius XM Canada Holdings in a research note on Monday. They now have a C$8.50 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Sirius XM Canada Holdings from C$10.00 to C$9.00 in a research note on Monday, June 9th. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities cut their price target on shares of Sirius XM Canada Holdings from C$10.00 to C$9.50 in a research note on Friday, May 30th. They now have an “action list buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$9.58.

Sirius XM Canada Holdings Inc, formerly Canadian Satellite Radio Holdings Inc, incorporated on July 31, 2002, operates as SiriusXM Canada.

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