CanWel Building Materials Group (TSE:CWX)‘s stock had its “market perform” rating reissued by equities researchers at Raymond James in a research report issued on Monday, BayStreet.CA reports. They currently have a C$5.00 price objective on the stock. Raymond James’ target price indicates a potential upside of 12.36% from the company’s current price.
CWX has been the topic of several other reports. National Bank Financial restated an “outperform” rating and issued a C$7.00 target price on shares of CanWel Building Materials Group in a research note on Friday, January 18th. CIBC dropped their price target on CanWel Building Materials Group from C$5.50 to C$5.25 in a research note on Monday, January 14th. Finally, Canaccord Genuity lowered their target price on CanWel Building Materials Group from C$4.80 to C$4.25 in a research note on Friday.
CanWel Building Materials Group stock opened at C$4.45 on Monday. The company has a quick ratio of 0.85, a current ratio of 3.15 and a debt-to-equity ratio of 84.72. The stock has a market capitalization of $370.84 million and a price-to-earnings ratio of 11.53. CanWel Building Materials Group has a 12 month low of C$4.19 and a 12 month high of C$7.44.
In related news, Director Harry Rosenfeld bought 17,762 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of C$4.32 per share, with a total value of C$76,731.84. Following the acquisition, the director now owns 54,555 shares in the company, valued at C$235,677.60.
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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