CanWel Building Materials Group (TSE:CWX) Earns Market Perform Rating from Raymond James

Raymond James reaffirmed their market perform rating on shares of CanWel Building Materials Group (TSE:CWX) in a research note released on Tuesday, BayStreet.CA reports. The brokerage currently has a C$5.00 price objective on the stock. Raymond James also issued estimates for CanWel Building Materials Group’s Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.00 EPS, FY2019 earnings at $0.16 EPS and FY2020 earnings at $0.32 EPS.

A number of other equities analysts also recently weighed in on CWX. Canaccord Genuity dropped their price target on shares of CanWel Building Materials Group from C$4.80 to C$4.25 in a research note on Friday, May 10th. CIBC dropped their price target on shares of CanWel Building Materials Group from C$5.50 to C$4.50 in a research note on Monday, May 13th. Finally, National Bank Financial set a C$4.50 price target on shares of CanWel Building Materials Group in a research note on Friday, May 10th.

TSE CWX opened at C$4.55 on Tuesday. CanWel Building Materials Group has a 1-year low of C$4.19 and a 1-year high of C$6.62. The company has a debt-to-equity ratio of 146.92, a current ratio of 2.96 and a quick ratio of 1.06. The firm has a market capitalization of $350.36 million and a P/E ratio of 15.27. The stock has a fifty day moving average of C$4.82.

In other CanWel Building Materials Group news, Director Harry Rosenfeld acquired 17,762 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average cost of C$4.32 per share, for a total transaction of C$76,731.84. Following the completion of the acquisition, the director now owns 54,555 shares of the company’s stock, valued at approximately 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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