Several analysts have recently updated their ratings and price targets for CanWel Building Materials Group (TSE: CWX):

  • 11/13/2018 – CanWel Building Materials Group had its price target lowered by analysts at Raymond James from C$7.00 to C$6.50. They now have a “strong-buy” rating on the stock.
  • 11/13/2018 – CanWel Building Materials Group had its price target lowered by analysts at CIBC from C$6.00 to C$5.50.
  • 11/12/2018 – CanWel Building Materials Group had its price target lowered by analysts at Royal Bank of Canada from C$7.00 to C$6.50. They now have an “outperform” rating on the stock.
  • 11/9/2018 – CanWel Building Materials Group had its price target lowered by analysts at National Bank Financial from C$7.50 to C$7.00. They now have an “outperform” rating on the stock.
  • 10/15/2018 – CanWel Building Materials Group had its price target lowered by analysts at CIBC from C$6.50 to C$6.00.
  • 10/1/2018 – CanWel Building Materials Group had its price target lowered by analysts at Canaccord Genuity from C$7.50 to C$6.50. They now have a “buy” rating on the stock.

TSE:CWX traded up C$0.07 during midday trading on Wednesday, hitting C$4.70. 182,111 shares of the stock were exchanged, compared to its average volume of 175,916. CanWel Building Materials Group Ltd has a one year low of C$4.58 and a one year high of C$7.50. The company has a debt-to-equity ratio of 72.22, a current ratio of 2.81 and a quick ratio of 0.99.

In other CanWel Building Materials Group news, Director Marc Seguin purchased 10,000 shares of the firm’s stock in a transaction on Friday, September 21st. The shares were purchased at an average price of C$5.70 per share, for a total transaction of C$57,000.00. Also, Director Amar Doman purchased 47,500 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was acquired at an average price of C$5.72 per share, for a total transaction of C$271,700.00. In the last three months, insiders have purchased 135,695 shares of company stock worth $717,851.

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 d├ęcor 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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