Canexus Corporation (TSE:CUS) Rating Maintained

In an analyst report sent to investors on today, CIBC World Markets kept their Sector Perform Rating on Canexus Corporation (TSE:CUS)’s stock. The PT means a potential upside of 17.19 % from firm’s previous close.

According to data compiled by Thomson Reuters, Canexus Corporation (TSE:CUS)’s stock is covered by 6 equity analysts across the Street, with 1 analysts giving it a Sell rating, 1 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $1.14, which reflects an downside potential of 10.94% over the current price.

TSE:CUS Price Chart & Trend

The stock price of Canexus Corporation has grown 0.02% over the last 200 days, and is in very unstanble up trend. In the last 50 and 100 days, Canexus Corporation is down 11.11% and up 15.32%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Canexus Corporation (TSE:CUS) Profile

Canexus Corporation is a Canada-based company engaged in operating North American Sodium Chlorate production facilities; a North American chlor–alkali production facility, and a sodium chlorate and chlor–alkali production facility. The Company’s segments are North America Sodium Chlorate, North America Chlor–alkali (NACA) and South America (sodium chlorate and chlor–alkali). The North America Sodium Chlorate segment sells sodium chlorate to the South America segment, and provides transloading services to the NACA segment for caustic soda transloaded from barges into trucks for delivery to NACA customers.

Canexus Corporation (TSE:CUS) closed at $1.28 yesterday. A total of 356,666 shares of the company’s stock traded hands. This is down from average of 716,623 shares. Canexus Corporation has a 52 week low of $1.03 and a 52 week high of $1.71. The company has a market cap of $231.97 million and a P/E ratio of 12.66.

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The post Researchers at CIBC World Markets Kept their Sector Perform rating for Canexus Corporation (TSE:CUS). The PT is Set to $1.50 appeared first on Octafinance.