CanWel Building Materials Group (TSE:CWX) had its target price lowered by equities researchers at Royal Bank of Canada from C$7.00 to C$6.50 in a research report issued on Monday. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 36.27% from the stock’s current price.

A number of other equities research analysts have also weighed in on CWX. Canaccord Genuity lowered their price target on shares of CanWel Building Materials Group from C$7.75 to C$7.50 in a report on Thursday, August 2nd. Raymond James lowered 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 report on Wednesday, September 12th. National Bank Financial lowered 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 report on Friday, September 14th. Finally, CIBC lowered their price target on shares of CanWel Building Materials Group from C$7.00 to C$6.50 in a report on Wednesday, September 19th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$6.40.

CWX opened at C$4.77 on Monday. CanWel Building Materials Group has a twelve month low of C$4.60 and a twelve month high of C$7.50. The company has a quick ratio of 0.99, a current ratio of 2.81 and a debt-to-equity ratio of 72.22.

In related news, Director Amar Doman acquired 5,000 shares of CanWel Building Materials Group stock in a transaction on Tuesday, August 21st. The shares were purchased at an average cost of C$6.37 per share, for a total transaction of C$31,850.00. Also, Director Marc Seguin acquired 10,000 shares of CanWel Building Materials Group stock in a transaction on Thursday, September 27th. The shares were bought at an average price of C$5.73 per share, for a total transaction of C$57,300.00. Insiders have acquired a total of 92,895 shares of company stock worth $529,417 over the last quarter.

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.

See Also: Buyback

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

Receive News & Ratings for CanWel Building Materials Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CanWel Building Materials Group and related companies with MarketBeat.com's FREE daily email newsletter.