Raymond James set a C$5.00 price objective on CanWel Building Materials Group (TSE:CWX) in a report released on Tuesday, BayStreet.CA reports. The firm currently has a market perform rating on the stock. Raymond James also issued estimates for CanWel Building Materials Group’s FY2019 earnings at $0.19 EPS and FY2020 earnings at $0.33 EPS.
A number of other research analysts also recently weighed in on CWX. Canaccord Genuity decreased their target price on shares of CanWel Building Materials Group from C$4.25 to C$4.00 in a research report on Tuesday. National Bank Financial set a C$4.50 target price on shares of CanWel Building Materials Group in a research report on Friday, May 10th. Finally, CIBC decreased their target price on shares of CanWel Building Materials Group from C$5.50 to C$4.50 in a research report on Monday, May 13th.
CanWel Building Materials Group stock opened at C$4.38 on Tuesday. The company has a market capitalization of $340.28 million and a P/E ratio of 14.70. CanWel Building Materials Group has a 1-year low of C$4.19 and a 1-year high of C$6.50. The company has a fifty day simple moving average of C$4.75. The company has a current ratio of 2.96, a quick ratio of 1.06 and a debt-to-equity ratio of 146.92.
In other CanWel Building Materials Group news, Director Harry Rosenfeld bought 17,762 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of C$4.32 per share, with a total value of C$76,731.84. Following the completion of the transaction, the director now owns 54,555 shares in the company, valued at C$235,677.60.
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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