CanWel Building Materials Group (TSE:CWX)‘s stock had its “sector perform” rating reissued by equities research analysts at National Bank Financial in a report issued on Thursday. They presently have a C$5.00 target price on the stock. National Bank Financial’s price target points to a potential downside of 2.34% from the stock’s previous close. National Bank Financial also issued estimates for CanWel Building Materials Group’s Q1 2019 earnings at $0.08 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.15 EPS and Q4 2019 earnings at $0.05 EPS.
A number of other brokerages have also recently commented on CWX. CIBC dropped their price objective on shares of CanWel Building Materials Group from C$6.50 to C$6.00 in a research note on Monday, October 15th. Raymond James dropped their price objective on shares of CanWel Building Materials Group from C$7.00 to C$6.50 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 13th. Finally, Royal Bank of Canada dropped their price objective on shares of CanWel Building Materials Group from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a research note on Monday, November 12th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$5.85.
Shares of TSE CWX opened at C$5.12 on Thursday. The company has a market cap of $408.16 million and a PE ratio of 11.23. CanWel Building Materials Group has a 12 month low of C$4.19 and a 12 month high of C$7.44. The company has a debt-to-equity ratio of 74.48, a quick ratio of 0.99 and a current ratio of 2.81.
In related news, insider Didar (Ted) Singh Doman purchased 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were purchased at an average price of C$4.40 per share, with a total value of C$26,400.00. Also, Director Ian Baskerville sold 12,700 shares of CanWel Building Materials Group stock in a transaction on Monday, January 28th. The shares were sold at an average price of C$5.00, for a total transaction of C$63,500.00. Following the completion of the sale, the director now directly owns 68,438 shares in the company, valued at approximately C$342,190. Insiders have bought a total of 185,760 shares of company stock worth $852,163 in the last ninety days.
About CanWel Building Materials Group
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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