Royal Bank Of Canada Reiterates “Outperform” Rating for CanWel Building Materials Group Ltd (CWX)

CanWel Building Materials Group Ltd (TSE:CWX)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued on Monday. They presently have a C$7.50 target price on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 13.12% from the stock’s previous close.

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

CanWel Building Materials Group (TSE CWX) opened at 6.63 on Monday. The stock has a 50 day moving average price of $6.28 and a 200 day moving average price of $6.26. The firm has a market capitalization of $449.43 million and a price-to-earnings ratio of 13.81. CanWel Building Materials Group has a 1-year low of $5.23 and a 1-year high of $6.85.

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

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In related news, Director Amar Doman acquired 5,000 shares of the stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of C$6.17 per share, with a total value of C$30,850.00. In the last three months, insiders have bought 10,649 shares of company stock worth $64,752.

About CanWel Building Materials Group

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)

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