Royal Bank of Canada Increases Chesswood Group (TSE:CHW) Price Target to C$16.00

Chesswood Group (TSE:CHWGet Rating) had its price target boosted by analysts at Royal Bank of Canada from C$15.00 to C$16.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 10.42% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Raymond James set a C$17.00 price target on shares of Chesswood Group and gave the company an “outperform” rating in a research note on Thursday, March 10th. Cormark upped their target price on shares of Chesswood Group from C$24.25 to C$25.00 in a report on Monday.

Shares of TSE CHW traded up C$0.60 during midday trading on Tuesday, reaching C$14.49. The company had a trading volume of 3,301 shares, compared to its average volume of 11,088. The company has a current ratio of 33.47, a quick ratio of 31.87 and a debt-to-equity ratio of 720.15. The business’s 50-day simple moving average is C$14.16 and its 200 day simple moving average is C$14.14. Chesswood Group has a 1 year low of C$10.94 and a 1 year high of C$15.25. The stock has a market cap of C$251.50 million and a P/E ratio of 9.11.

Chesswood Group (TSE:CHWGet Rating) last announced its earnings results on Wednesday, March 9th. The company reported C$0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.37 by C$0.03. The company had revenue of C$44.24 million during the quarter, compared to analyst estimates of C$41.60 million. Analysts predict that Chesswood Group will post 2.0599999 earnings per share for the current year.

In other news, Director Gary Souverein sold 2,600 shares of Chesswood Group stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of C$14.78, for a total transaction of C$38,415.00. Following the sale, the director now owns 328,157 shares in the company, valued at C$4,848,519.68.

Chesswood Group Company Profile (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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