CanWel Building Materials Group (CWX) Hits New 52-Week Low at $4.78

CanWel Building Materials Group Ltd (TSE:CWX)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$4.78 and last traded at C$4.80, with a volume of 108588 shares. The stock had previously closed at C$4.98.

Several equities analysts recently issued reports on the company. CIBC increased their target price on CanWel Building Materials Group from C$6.50 to C$7.00 in a research note on Thursday, July 12th. Canaccord Genuity decreased their target price on CanWel Building Materials Group from C$7.75 to C$7.50 in a research note on Thursday, August 2nd. Raymond James decreased their target price on CanWel Building Materials Group from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 12th. Finally, National Bank Financial decreased their target price on CanWel Building Materials Group from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a research note on Friday, September 14th.

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

CanWel Building Materials Group Company Profile (TSE:CWX)

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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