Shares of Chesswood Group Limited (TSE:CHW – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$1.66 and last traded at C$1.67, with a volume of 34216 shares trading hands. The stock had previously closed at C$1.82.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Royal Bank of Canada raised shares of Chesswood Group from an “underperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$7.00 to C$3.50 in a research note on Monday, July 29th. Raymond James upgraded Chesswood Group from an “underperform” rating to a “market perform” rating and lifted their price target for the company from C$5.00 to C$7.00 in a report on Monday, May 13th.
Get Our Latest Analysis on Chesswood Group
Chesswood Group Trading Down 8.2 %
Chesswood Group (TSE:CHW – Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.20). Chesswood Group had a negative return on equity of 15.79% and a negative net margin of 38.49%. The firm had revenue of C$68.80 million for the quarter, compared to analysts’ expectations of C$71.90 million. Research analysts expect that Chesswood Group Limited will post 1.1459969 EPS for the current fiscal year.
Chesswood Group Company Profile
Chesswood Group Limited operates primarily in the specialty finance industry in North America. The company offers micro and small-ticket commercial equipment financing and origination to small and medium-sized businesses through the third-party broker and equipment vendor channels; and commercial equipment financing and loans to small and medium-sized businesses.
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