CanWel Building Materials Group Ltd (TSE:CWX) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$4.58 and last traded at C$4.59, with a volume of 123106 shares. The stock had previously closed at C$4.66.

A number of equities research analysts have issued reports on CWX shares. CIBC cut their price target on CanWel Building Materials Group from C$6.00 to C$5.50 in a research note on Tuesday, November 13th. Canaccord Genuity cut their price target on CanWel Building Materials Group from C$7.50 to C$6.50 and set a “buy” rating for the company in a research note on Monday, October 1st. National Bank Financial cut their price target on CanWel Building Materials Group from C$8.50 to C$7.50 and set an “outperform” rating for the company in a research note on Friday, September 14th. Raymond James cut their price target on CanWel Building Materials Group from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research note on Wednesday, September 12th. Finally, Royal Bank of Canada cut their price target on CanWel Building Materials Group from C$7.00 to C$6.50 and set an “outperform” rating for the company in a research note on Monday, November 12th. 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. CanWel Building Materials Group presently has an average rating of “Buy” and a consensus price target of C$6.40.

The company has a debt-to-equity ratio of 74.48, a quick ratio of 0.99 and a current ratio of 2.81.

CanWel Building Materials Group (TSE:CWX) last issued its quarterly earnings data on Thursday, November 8th. The company reported C$0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.13 by C($0.02). The firm had revenue of C$350.19 million during the quarter, compared to analysts’ expectations of C$370.90 million. Equities analysts forecast that CanWel Building Materials Group Ltd will post 0.5 EPS for the current year.

In other news, Director Amar Doman acquired 47,500 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was purchased at an average price of C$5.72 per share, for a total transaction of C$271,700.00. Also, Director Marc Seguin acquired 10,000 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were purchased at an average price of C$5.70 per share, with a total value of C$57,000.00. In the last 90 days, insiders have bought 181,795 shares of company stock valued at $934,049.

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CanWel Building Materials Group Company Profile (TSE:CWX)

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.

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