CanWel Building Materials Group (CWX) Given New C$7.00 Price Target at National Bank Financial
CanWel Building Materials Group (TSE:CWX) had its price target trimmed by National Bank Financial from C$7.50 to C$7.00 in a research note issued to investors on Friday. The brokerage currently has an outperform rating on the stock. National Bank Financial also issued estimates for CanWel Building Materials Group’s FY2018 earnings at $0.43 EPS.
A number of other brokerages have also recently issued reports on CWX. CIBC upped their target price on shares of CanWel Building Materials Group from C$6.50 to C$7.00 in a report on Thursday, July 12th. Canaccord Genuity dropped their target price on shares of CanWel Building Materials Group from C$7.75 to C$7.50 in a report on Thursday, August 2nd. Finally, Raymond James dropped their target price on shares of CanWel Building Materials Group from C$8.00 to C$7.00 and set an outperform rating on the stock in a report on Wednesday, September 12th.
Shares of CWX stock traded down C$0.15 on Friday, reaching C$4.81. The stock had a trading volume of 234,000 shares, compared to its average volume of 174,069. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 99.27. CanWel Building Materials Group has a 12 month low of C$4.60 and a 12 month high of C$7.50.
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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