CanWel Building Materials Group (CWX) Hits New 1-Year High at $7.33

CanWel Building Materials Group Ltd. (TSE:CWX)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$7.33 and last traded at C$7.29, with a volume of 120126 shares changing hands. The stock had previously closed at C$7.28.

Several equities analysts have commented on the stock. Canaccord Genuity raised their target price on shares of CanWel Building Materials Group from C$7.00 to C$7.50 and gave the company a “speculative buy” rating in a report on Wednesday, September 27th. Royal Bank of Canada restated an “outperform” rating and issued a C$7.50 price target on shares of CanWel Building Materials Group in a research note on Monday, October 23rd. Finally, National Bank Financial raised their price target on shares of CanWel Building Materials Group from C$7.00 to C$7.50 and gave the company an “outperform” rating in a research note on Monday, November 13th.

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CanWel Building Materials Group Company Profile

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada and the Western United States. The company sells adhesives; engineered wood products; fasteners; foundation, insulation, interior finishing, and outdoor living products; roofing and accessories; and siding and trim, underlayment, and security and doorware products.

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