Raymond James Lowers CanWel Building Materials Group (CWX) Price Target to C$7.00

CanWel Building Materials Group (TSE:CWX) had its price target decreased by Raymond James from C$8.00 to C$7.00 in a research report report published on Wednesday, September 12th. Raymond James currently has an outperform rating on the stock.

Several other research firms have also recently commented on CWX. Canaccord Genuity dropped their target price on shares of CanWel Building Materials Group from C$7.75 to C$7.50 in a research report on Thursday, August 2nd. CIBC lifted their target price on shares of CanWel Building Materials Group from C$6.50 to C$7.00 in a research report on Thursday, July 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CanWel Building Materials Group presently has a consensus rating of Buy and an average price target of C$7.00.

Shares of CWX traded down C$0.02 during trading hours on Wednesday, hitting C$5.45. The stock had a trading volume of 248,100 shares, compared to its average volume of 172,468. CanWel Building Materials Group has a 1-year low of C$5.41 and a 1-year high of C$7.50.

CanWel Building Materials Group (TSE:CWX) last released its quarterly earnings results on Wednesday, August 1st. The company reported C$0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The company had revenue of C$382.10 million for the quarter, compared to analyst estimates of C$415.20 million. CanWel Building Materials Group had a net margin of 3.65% and a return on equity of 15.13%.

In other CanWel Building Materials Group news, Director Amar Doman acquired 47,500 shares of CanWel Building Materials Group stock in a transaction that occurred on Wednesday, September 19th. The stock was acquired at an average cost of C$5.72 per share, for a total transaction of C$271,700.00. Also, Director Marc Seguin acquired 10,000 shares of CanWel Building Materials Group stock in a transaction that occurred on Friday, September 21st. The stock was acquired at an average price of C$5.70 per share, with a total value of C$57,000.00. Insiders purchased a total of 104,075 shares of company stock worth $608,225 in the last ninety days.

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 adhesives; decking and railing; engineered wood products; fasteners; foundation; insulation; interior finishing; building envelope; 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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Analyst Recommendations for CanWel Building Materials Group (TSE:CWX)

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