Canam Group Inc. (CAM) Receives Average Rating of “Buy” from Analysts

Canam Group Inc. (TSE:CAM) has received a consensus rating of “Buy” from the eight research firms that are presently covering the stock. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$12.67.

CAM has been the topic of a number of recent research reports. Laurentian Bank of Canada reiterated a “buy” rating and issued a C$11.00 price objective on shares of Canam Group in a research report on Friday, October 28th. Laurentian set a C$11.00 price objective on Canam Group and gave the company a “buy” rating in a research report on Friday, October 28th. Finally, National Bank Financial lowered Canam Group from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, December 14th.

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Shares of Canam Group (TSE:CAM) traded down 1.25% during midday trading on Monday, reaching $8.71. The company’s stock had a trading volume of 74,810 shares. The stock’s 50-day moving average is $8.97 and its 200 day moving average is $9.46. Canam Group has a 12 month low of $8.41 and a 12 month high of $13.75. The stock has a market capitalization of $404.80 million and a P/E ratio of 65.00.

About Canam Group

Canam Group Inc is engaged in designing integrated solutions and fabricating products for the North American construction industry. The Company operates through the construction products segment, which includes many complementary goods and services. The Company’s service offer extends from the preconstruction phase to project management, including the erection of structural steel components.

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