Trading Report: The Canexus Corp (CUS) PT Lowered to C$1.60

The Canexus Corp (CUS) PT Lowered to C$1.60

Canexus Corp (TSE:CUS) had its price target lowered by stock analysts at Raymond James Financial Inc. from C$1.65 to C$1.60 in a report released on Wednesday, StockTargetPrices.com reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial Inc.’s price objective would suggest a potential upside of 3.90% from the company’s current price.

A number of other brokerages have also recently issued reports on CUS. TD Securities reduced their price objective on shares of Canexus Corp from C$1.75 to C$1.40 and set a “hold” rating for the company in a research note on Monday, July 4th. Royal Bank Of Canada reduced their price objective on shares of Canexus Corp from C$1.70 to C$1.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 5th. Scotiabank raised shares of Canexus Corp from a “tender” rating to a “sector perform” rating and reduced their price objective for the stock from C$1.40 to C$1.30 in a research note on Monday, July 4th. Finally, CIBC reissued a “sector perform” rating and issued a C$1.50 price objective on shares of Canexus Corp in a research note on Wednesday, July 6th. Five analysts have rated the stock with a hold rating, Canexus Corp currently has a consensus rating of “Hold” and a consensus target price of C$1.49.

Shares of Canexus Corp (TSE:CUS) traded down 0.65% during trading on Wednesday, reaching $1.53. 865,977 shares of the company were exchanged. Canexus Corp has a 1-year low of $1.06 and a 1-year high of $1.64. The company’s market capitalization is $285.94 million. The stock’s 50 day moving average is $1.35 and its 200 day moving average is $1.38.

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Canexus Corp Company Profile

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