Royal Bank of Canada Trims CanWel Building Materials Group (CWX) Target Price to C$6.50
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.
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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