CanWel Building Materials Group Ltd. (TSE:CWX) hit a new 52-week high on Tuesday . The company traded as high as C$7.33 and last traded at C$7.29, with a volume of 120126 shares trading hands. The stock had previously closed at C$7.28.

CWX has been the subject of a number of research 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 research note on Monday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and set a C$7.50 target price on shares of CanWel Building Materials Group in a research note on Monday, October 23rd. Finally, Canaccord Genuity boosted their target price on shares of CanWel Building Materials Group from C$7.00 to C$7.50 and gave the company a “speculative buy” rating in a research note on Wednesday, September 27th.

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CanWel Building Materials Group Company Profile

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada and the Western United States. The company sells adhesives; engineered wood products; fasteners; foundation, insulation, interior finishing, and outdoor living products; roofing and accessories; and siding and trim, underlayment, and security and doorware products.

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