CanWel Building Materials Group Ltd (TSE:CWX) Director Ian Baskerville Buys 8,300 Shares

CanWel Building Materials Group Ltd (TSE:CWX) Director Ian Baskerville acquired 8,300 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of C$4.40 per share, with a total value of C$36,520.00. Following the purchase, the director now directly owns 73,438 shares of the company’s stock, valued at C$323,127.20.

TSE:CWX traded up C$0.02 on Tuesday, reaching C$4.38. 50,560 shares of the stock traded hands, compared to its average volume of 153,573. The stock has a market capitalization of $338.73 million and a price-to-earnings ratio of 20.90. The firm has a 50 day moving average of C$4.70. The company has a debt-to-equity ratio of 158.20, a current ratio of 3.10 and a quick ratio of 1.34. CanWel Building Materials Group Ltd has a 1-year low of C$4.19 and a 1-year high of C$6.50.

A number of analysts have weighed in on CWX shares. Raymond James set a C$5.00 target price on shares of CanWel Building Materials Group and gave the company a “market perform” rating in a research report on Tuesday, August 6th. Canaccord Genuity decreased their target price on shares of CanWel Building Materials Group from C$4.25 to C$4.00 in a research report on Tuesday, August 6th. CIBC decreased their target price on shares of CanWel Building Materials Group from C$5.50 to C$4.50 in a research report on Monday, May 13th. Finally, National Bank Financial set a C$4.50 target price on shares of CanWel Building Materials Group in a research report on Friday, May 10th.



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 decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and building envelope; interior finishing; 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.

Featured Article: What does earnings per share mean?

Insider Buying and Selling by Quarter for CanWel Building Materials Group (TSE:CWX)

Receive News & Ratings for CanWel Building Materials Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CanWel Building Materials Group and related companies with MarketBeat.com's FREE daily email newsletter.