Is Canam Group Inc. a Sell? The Stock Declines Again

 Is Canam Group Inc. a Sell? The Stock Declines Again

The stock of Canam Group Inc. (TSE:CAM) is a huge mover today! About 34,723 shares traded hands. Canam Group Inc. (TSE:CAM) has declined 28.41% since April 12, 2016 and is downtrending. It has underperformed by 33.09% the S&P500.
The move comes after 7 months negative chart setup for the $432.44 million company. It was reported on Nov, 16 by Barchart.com. We have $7.97 PT which if reached, will make TSE:CAM worth $47.57 million less.

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 57.70% above today’s ($8.96) 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 $16.50 target price in Friday, July 15 report. Laurentian maintained Canam Group Inc. (TSE:CAM) on Friday, October 28 with “Buy” rating.

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 $432.44 million. The Firm operates through the construction products segment, which includes many complementary goods and services. It has a 63.44 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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