Carmanah Tech (CMH), the Conglomerates sector company, was revisited by a Wall Street analyst on November 15. GMP FirstEnergy’s analyst Justin Keywood reiterates their Buy rating on the shares, with a C$5 price target.
According to TipRanks.com, Keywood is ranked #2218 out of 4897 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carmanah Tech with a C$5 average price target.
Based on Carmanah Tech’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$759.4K. In comparison, last year the company had a GAAP net loss of C$1.39 million.
Carmanah Technologies Corp. designs, develops and distributes industrial and commercial solar powered outdoor LED lighting systems, signaling systems for the marine, aviation, traffic and obstruction markets, energy systems for the mobile markets and also designs and installs PV rooftop and greenfield power plants.
The company’s shares closed on Friday at C$3.68, close to its 52-week low of C$3.55.
