CanWel Building Materials Group Ltd (TSE:CWX) Director Harry Rosenfeld bought 2,950 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was purchased at an average price of C$6.85 per share, for a total transaction of C$20,207.50.
CanWel Building Materials Group Ltd (CWX) traded down C$0.01 during trading hours on Monday, reaching C$6.88. 172,829 shares of the company’s stock traded hands, compared to its average volume of 207,293. The firm has a market cap of $535.07, a price-to-earnings ratio of 16.26 and a beta of 0.50. CanWel Building Materials Group Ltd has a 12 month low of C$5.84 and a 12 month high of C$7.50.
CWX has been the topic of several recent analyst reports. National Bank Financial boosted their target price on shares of CanWel Building Materials Group from C$7.00 to C$7.50 and gave the company an “outperform” rating in a report on Monday, November 13th. CIBC reiterated a “neutral” rating and issued a C$6.50 target price on shares of CanWel Building Materials Group in a report on Wednesday, February 28th. Finally, Canaccord Genuity upgraded shares of CanWel Building Materials Group from a “speculative buy” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. CanWel Building Materials Group currently has an average rating of “Buy” and an average price target of C$7.40.
About CanWel Building Materials Group
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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