Chesswood Group (TSE:CHW) PT Lowered to C$17.00 – MarketBeat

Chesswood Group (TSE:CHWGet Rating) had its target price reduced by equities research analysts at Raymond James from C$19.00 to C$17.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 46.68% from the stock’s current price.

CHW has been the topic of several other reports. Royal Bank of Canada lowered their target price on Chesswood Group from C$15.00 to C$14.00 in a research note on Monday, October 24th. Cormark lowered their target price on Chesswood Group from C$21.50 to C$16.25 in a research note on Tuesday.

Chesswood Group Stock Performance

Chesswood Group stock traded up C$0.09 during mid-day trading on Tuesday, reaching C$11.59. 2,550 shares of the company’s stock were exchanged, compared to its average volume of 9,116. The business’s fifty day simple moving average is C$12.11 and its 200 day simple moving average is C$12.60. The firm has a market capitalization of C$204.33 million and a PE ratio of 8.28. Chesswood Group has a one year low of C$10.70 and a one year high of C$15.25. The company has a quick ratio of 32.85, a current ratio of 34.78 and a debt-to-equity ratio of 948.35.

Insider Buying and Selling at Chesswood Group

In related news, insider Comrev Investments Limited purchased 8,200 shares of Chesswood Group stock in a transaction dated Thursday, August 11th. The stock was bought at an average cost of C$13.11 per share, for a total transaction of C$107,515.94. Following the completion of the transaction, the insider now owns 1,962,485 shares in the company, valued at C$25,731,514.57.

About Chesswood Group

(Get Rating)

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The company offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network of approximately 600 equipment finance broker firms and equipment vendors in the United States; and commercial equipment financing to small and medium businesses through a network of approximately 60 equipment finance broker firms in Canada.

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