After Today’s Huge Increase, Is Canam Group Inc.’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is Canam Group Inc.'s Near Term Analysis Positive?

The stock of Canam Group Inc. (TSE:CAM) is a huge mover today! About 197,719 shares traded hands or 43.22% up from the average. Canam Group Inc. (TSE:CAM) has declined 34.67% since April 5, 2016 and is downtrending. It has underperformed by 39.45% the S&P500.
The move comes after 9 months positive chart setup for the $432.57M company. It was reported on Nov, 9 by Barchart.com. We have $26.80 PT which if reached, will make TSE:CAM worth $821.88M more.

Canam Group Inc. (TSE:CAM) Ratings Coverage

Out of 2 analysts covering Canam Group Inc. (TSE:CAM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $19 is the highest target while $11 is the lowest. The $14.13 average target is 52.92% above today’s ($9.24) stock price. Canam Group Inc. has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Laurentian maintained it with “Buy” rating and $11 target price in Friday, October 28 report. As per Friday, July 15, the company rating was maintained by Laurentian.

More news for Canam Group Inc. (TSE:CAM) were recently published by: Reuters.com, which released: “BRIEF-Canam Group Inc says it has reorganized its structural steel activit…” on August 26, 2016. Bloomberg.com‘s article titled: “Canam Drops Most in Almost Two Years on Unexpected Project Cost” and published on July 14, 2016 is yet another important article.

Canam Group Inc. is engaged in designing integrated solutions and fabricating products for the North American construction industry. The company has a market cap of $432.57 million. The Firm operates through the construction products segment, which includes many complementary goods and services. It has a 65.42 P/E ratio. The Company’s service offer extends from the preconstruction phase to project management, including the erection of structural steel components.

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