Raymond James Analysts Give CanWel Building Materials Group (TSE:CWX) a C$5.50 Price Target

Posted by on Nov 11th, 2019

CanWel Building Materials Group (TSE:CWX) received a C$5.50 target price from analysts at Raymond James in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 12.70% from the stock’s previous close.

Several other research firms have also 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. 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.

Shares of CWX stock traded up C$0.06 during mid-day trading on Monday, hitting C$4.88. 150,897 shares of the stock were exchanged, compared to its average volume of 135,523. The firm has a fifty day moving average of C$4.54 and a 200 day moving average of C$4.64. The company has a quick ratio of 0.94, a current ratio of 2.57 and a debt-to-equity ratio of 120.59. CanWel Building Materials Group has a 52-week low of C$4.19 and a 52-week high of C$5.42. The company has a market cap of $375.24 million and a PE ratio of 26.72.

In other CanWel Building Materials Group news, Director Marc Seguin bought 39,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average cost of C$4.34 per share, with a total value of C$169,260.00. Following the purchase, the director now directly owns 178,668 shares of the company’s stock, valued at approximately 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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