CanWel Building Materials Group Ltd (CWX) Given Outperform Rating at Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their outperform rating on shares of CanWel Building Materials Group Ltd (TSE:CWX) in a research report released on Monday. They currently have a C$7.50 price target on the stock.
Separately, Canaccord Genuity raised their price target on shares of CanWel Building Materials Group from C$7.00 to C$7.50 and gave the stock a speculative buy rating in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of C$7.38.
CanWel Building Materials Group (TSE CWX) opened at 6.52 on Monday. The stock has a market capitalization of $441.97 million and a price-to-earnings ratio of 13.58. The company has a 50-day moving average of $6.27 and a 200-day moving average of $6.26. CanWel Building Materials Group has a one year low of $5.23 and a one year high of $6.85.
CanWel Building Materials Group (TSE:CWX) last posted its earnings results on Thursday, July 27th. The company reported C$0.17 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.16 by C$0.01. The company had revenue of C$320.04 million during the quarter, compared to analysts’ expectations of C$300.28 million. CanWel Building Materials Group had a net margin of 3.07% and a return on equity of 13.51%. On average, equities analysts forecast that CanWel Building Materials Group will post $0.42 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.59%.
In related news, Director Amar Doman purchased 5,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was acquired at an average price of C$6.17 per share, with a total value of C$30,850.00. In the last ninety days, insiders acquired 10,649 shares of company stock valued at $64,752.
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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