Chesswood Group (TSE:CHW) Price Target Lowered to C$6.00 at Royal Bank of Canada

Chesswood Group (TSE:CHW) had its target price decreased by equities research analysts at Royal Bank of Canada from C$8.00 to C$6.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an “underperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential downside of 14.29% from the stock’s current price.

Chesswood Group Stock Performance

Shares of Chesswood Group stock traded up C$0.01 during trading on Tuesday, hitting C$7.00. 10,107 shares of the company’s stock were exchanged, compared to its average volume of 14,694. The company has a debt-to-equity ratio of 958.64, a quick ratio of 38.05 and a current ratio of 58.32. Chesswood Group has a 52-week low of C$6.40 and a 52-week high of C$12.91. The business has a 50-day simple moving average of C$7.48 and a 200-day simple moving average of C$8.29. The stock has a market capitalization of C$125.86 million, a price-to-earnings ratio of 6.48 and a beta of 2.15.

Insiders Place Their Bets

In related news, insider CB Leaseco Holdings Inc. acquired 5,100 shares of Chesswood Group stock in a transaction on Friday, September 15th. The stock was bought at an average cost of C$6.97 per share, for a total transaction of C$35,567.91. 38.33% of the stock is currently owned by company insiders.

Chesswood Group Company Profile

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 equipment finance broker firms and equipment vendors in the United States; and commercial equipment financing to small and medium businesses through a network of equipment finance broker firms in Canada.