CanWel Building Materials Group Ltd (CWX) Director Harry Rosenfeld Purchases 3,695 Shares of Stock

CanWel Building Materials Group Ltd (TSE:CWX) Director Harry Rosenfeld acquired 3,695 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was purchased at an average price of C$4.86 per share, for a total transaction of C$17,957.70.

TSE CWX opened at C$4.77 on Wednesday. CanWel Building Materials Group Ltd has a 52 week low of C$4.60 and a 52 week high of C$7.50. The company has a debt-to-equity ratio of 72.22, a quick ratio of 0.99 and a current ratio of 2.81.

A number of brokerages have weighed in on CWX. CIBC decreased their price objective on CanWel Building Materials Group from C$6.50 to C$6.00 in a report on Monday, October 15th. National Bank Financial decreased their price objective on CanWel Building Materials Group from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a report on Friday, September 14th. Canaccord Genuity decreased their price objective on CanWel Building Materials Group from C$7.50 to C$6.50 and set a “buy” rating on the stock in a report on Monday, October 1st. Raymond James decreased their price objective on CanWel Building Materials Group from C$7.00 to C$6.50 and set a “strong-buy” rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada decreased their price objective on CanWel Building Materials Group from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a report on Monday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. CanWel Building Materials Group currently has a consensus rating of “Buy” and a consensus price target of C$6.40.

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About CanWel Building Materials Group

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 décor 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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