CanWel Building Materials Group (TSE:CWX) has been assigned a C$6.00 price objective by analysts at Raymond James in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 8.30% from the company’s previous close.
A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity lowered their price objective 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 cut their target price on shares of CanWel Building Materials Group from C$4.50 to C$3.75 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, CIBC upped their price target on shares of CanWel Building Materials Group from C$4.50 to C$5.00 in a report on Tuesday, November 12th.
Shares of TSE:CWX traded up C$0.06 during midday trading on Tuesday, hitting C$5.54. 170,868 shares of the stock were exchanged, compared to its average volume of 141,157. The stock has a market cap of $426.14 million and a P/E ratio of 30.27. The company has a current ratio of 2.57, a quick ratio of 0.94 and a debt-to-equity ratio of 128.41. CanWel Building Materials Group has a twelve month low of C$4.19 and a twelve month high of C$5.65. The company has a 50 day moving average price of C$4.87 and a 200-day moving average price of C$4.70.
CanWel Building Materials Group Company Profile
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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