CanWel Building Materials Group (TSE:CWX) had its price objective decreased by investment analysts at CIBC from C$6.00 to C$5.50 in a note issued to investors on Tuesday. CIBC’s target price suggests a potential upside of 14.82% from the stock’s previous close.

Other analysts have also issued reports about the stock. Canaccord Genuity reduced their price target on shares of CanWel Building Materials Group from C$7.50 to C$6.50 and set a “buy” rating for the company in a research report on Monday, October 1st. National Bank Financial reduced their price target on shares of CanWel Building Materials Group from C$8.50 to C$7.50 and set an “outperform” rating for the company in a research report on Friday, September 14th. Royal Bank of Canada reduced their price target on shares of CanWel Building Materials Group from C$7.00 to C$6.50 and set an “outperform” rating for the company in a research report on Monday. Finally, Raymond James reduced their price target on shares of CanWel Building Materials Group from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research report on Wednesday, September 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$6.40.

Shares of TSE CWX traded up C$0.02 during mid-day trading on Tuesday, reaching C$4.79. The company had a trading volume of 193,838 shares, compared to its average volume of 173,906. The company has a debt-to-equity ratio of 99.27, a current ratio of 3.16 and a quick ratio of 1.38. CanWel Building Materials Group has a 12-month low of C$4.60 and a 12-month high of C$7.50.

In other CanWel Building Materials Group news, Director Amar Doman acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were purchased at an average price of C$6.37 per share, with a total value of C$31,850.00. Also, Director Marc Seguin acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were acquired at an average cost of C$5.73 per share, for a total transaction of C$57,300.00. In the last ninety days, insiders have purchased 89,200 shares of company stock worth $511,459.

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

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