Chesswood Group (TSE:CHW) Given New C$9.00 Price Target at Royal Bank of Canada

Chesswood Group (TSE:CHW – Get Rating) had its price objective cut by Royal Bank of Canada from C$11.00 to C$9.00 in a report issued on Tuesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities analysts also recently commented on CHW. Cormark lowered their target price on shares of Chesswood Group from C$16.25 to C$15.75 in a research note on Monday, March 20th. Raymond James lowered their target price on shares of Chesswood Group from C$17.00 to C$16.00 and set an outperform rating for the company in a research note on Friday, March 17th.

Chesswood Group Stock Performance

TSE:CHW opened at C$8.00 on Tuesday. The company has a fifty day simple moving average of C$9.12 and a two-hundred day simple moving average of C$10.52. The company has a market cap of C$152.80 million, a price-to-earnings ratio of 5.44 and a beta of 2.17. The company has a quick ratio of 38.05, a current ratio of 46.44 and a debt-to-equity ratio of 976.39. Chesswood Group has a 52 week low of C$7.91 and a 52 week high of C$14.54.

Chesswood Group (TSE:CHW – Get Rating) last posted its quarterly earnings results on Thursday, March 16th. The company reported C$0.33 EPS for the quarter, missing the consensus estimate of C$0.42 by C($0.09). The business had revenue of C$77.08 million during the quarter, compared to analyst estimates of C$80.00 million. Chesswood Group had a return on equity of 14.61% and a net margin of 17.99%. As a group, equities analysts anticipate that Chesswood Group will post 1.3574879 earnings per share for the current fiscal year.

Chesswood Group Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, April 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.50%. Chesswood Group’s payout ratio is currently 40.82%.

Chesswood Group Company Profile

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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.