CanWel Building Materials Group (TSE:CWX) had its target price hoisted by Royal Bank of Canada to C$12.00 in a research report released on Tuesday, Stock Target Advisor reports. They currently have an outperform rating on the stock.
CWX has been the subject of several other reports. National Bank Financial reissued a na rating and issued a C$10.50 price target on shares of CanWel Building Materials Group in a research report on Friday, March 12th. National Bankshares lifted their target price on CanWel Building Materials Group from C$10.00 to C$10.50 and gave the company an outperform rating in a research note on Monday, March 15th. Canaccord Genuity increased their price target on shares of CanWel Building Materials Group from C$7.50 to C$9.00 and gave the company a na rating in a research report on Monday, March 15th. Raymond James downgraded shares of CanWel Building Materials Group from an outperform rating to a market perform rating and set a C$10.50 price objective on the stock. in a research report on Wednesday, March 24th. Finally, CIBC boosted their price objective on shares of CanWel Building Materials Group from C$9.50 to C$10.50 and gave the stock a neutral rating in a research note on Tuesday, April 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. CanWel Building Materials Group has an average rating of Buy and a consensus price target of C$10.96.
TSE CWX opened at C$10.29 on Tuesday. CanWel Building Materials Group has a one year low of C$2.86 and a one year high of C$10.66. The company has a debt-to-equity ratio of 102.46, a quick ratio of 0.75 and a current ratio of 2.18. The company has a market capitalization of C$802.59 million and a price-to-earnings ratio of 13.45. The company’s 50-day simple moving average is C$9.00 and its two-hundred day simple moving average is C$7.67.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Thursday, April 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date was Tuesday, March 30th. CanWel Building Materials Group’s dividend payout ratio (DPR) is presently 67.97%.
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, Distribution and Forestry. The company sells decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and wraps; interior finishing; lumber, plywood, OSB, and specialty industrial products; roofing products; treated wood; siding and trim products; and security products, as well as forms and reinforcement products.
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