CanWel Building Materials Group (TSE:CWX) Given New C$5.00 Price Target at CIBC
CanWel Building Materials Group (TSE:CWX) had its price target lifted by CIBC from C$4.50 to C$5.00 in a research note published on Tuesday, BayStreet.CA reports.
Several other equities analysts have also recently issued reports on CWX. Canaccord Genuity lowered their target price on shares of CanWel Building Materials Group from C$4.25 to C$4.00 in a research note on Tuesday, August 6th. Raymond James restated an outperform rating and set a C$5.50 target price on shares of CanWel Building Materials Group in a research note on Monday. Finally, National Bank Financial lowered their target price on shares of CanWel Building Materials Group from C$4.50 to C$3.75 and set a sector perform rating on the stock in a research note on Thursday, October 10th.
CWX stock traded up C$0.01 during trading on Tuesday, hitting C$5.15. 121,617 shares of the stock traded hands, compared to its average volume of 137,146. CanWel Building Materials Group has a 1 year low of C$4.19 and a 1 year high of C$5.42. The firm’s 50 day moving average is C$4.55 and its two-hundred day moving average is C$4.64. The stock has a market cap of $401.66 million and a price-to-earnings ratio of 28.14. The company has a debt-to-equity ratio of 120.59, a current ratio of 2.57 and a quick ratio of 0.94.
In related news, Director Marc Seguin bought 39,000 shares of the stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of C$4.34 per share, for a total transaction of C$169,260.00. Following the purchase, the director now owns 178,668 shares of the company’s stock, valued at C$775,419.12.
About CanWel Building Materials Group
CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and building envelope; interior finishing; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and décor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.
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