CanWel Building Materials Group’s (CWX) “Outperform” Rating Reiterated at Royal Bank Of Canada

CanWel Building Materials Group Ltd (TSE:CWX)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank Of Canada in a report issued on Monday. They presently have a C$7.50 target price on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 15.03% from the company’s current price.

Separately, Canaccord Genuity raised their target price on CanWel Building Materials Group from C$7.00 to C$7.50 and gave the company a “speculative buy” rating in a research note on Wednesday, September 27th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. CanWel Building Materials Group has an average rating of “Buy” and an average price target of C$7.38.

Shares of CanWel Building Materials Group (TSE CWX) traded up 0.46% during trading on Monday, reaching $6.52. 283,329 shares of the company’s stock traded hands. CanWel Building Materials Group has a 1-year low of $5.23 and a 1-year high of $6.85. The company has a market capitalization of $441.97 million and a price-to-earnings ratio of 13.58. The company has a 50 day moving average of $6.26 and a 200-day moving average of $6.25.

CanWel Building Materials Group (TSE:CWX) last posted its earnings results on Thursday, July 27th. The company reported C$0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.16 by C$0.01. The company had revenue of C$320.04 million for the quarter, compared to analysts’ expectations of C$300.28 million. CanWel Building Materials Group had a return on equity of 13.51% and a net margin of 3.07%. Equities analysts predict that CanWel Building Materials Group will post $0.42 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “CanWel Building Materials Group’s (CWX) “Outperform” Rating Reiterated at Royal Bank Of Canada” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://sportsperspectives.com/2017/10/23/canwel-building-materials-group-ltd-cwx-pt-set-at-c7-50-by-royal-bank-of-canada.html.

In related news, Director Amar Doman acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of C$6.17 per share, for a total transaction of C$30,850.00. Over the last 90 days, insiders have purchased 10,649 shares of company stock worth $64,752.

CanWel Building Materials Group Company Profile

CanWel Building Materials Group Ltd is a Canada-based wholesale distributor of building materials and home renovation products, and provider of wood pressure treating services in Canada and the Western United States. The Company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers similar concerns.

Analyst Recommendations for CanWel Building Materials Group (TSE:CWX)

Receive News & Ratings for CanWel Building Materials Group Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CanWel Building Materials Group Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply