CanWel Building Materials Group Ltd (CWX) PT Raised to C$7.50

CanWel Building Materials Group Ltd (TSE:CWX) had its target price raised by equities researchers at National Bank Financial from C$7.00 to C$7.50 in a research report issued on Monday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 11.11% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a C$7.50 price target on shares of CanWel Building Materials Group in a research report on Monday, October 23rd. Canaccord Genuity upped their price objective on CanWel Building Materials Group from C$7.00 to C$7.50 and gave the company a “speculative buy” rating in a report on Wednesday, September 27th.

Shares of CanWel Building Materials Group (CWX) opened at C$6.75 on Monday. CanWel Building Materials Group has a 52-week low of C$5.23 and a 52-week high of C$6.85.

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CanWel Building Materials Group Company Profile

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.

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