Latest Stocks: CanWel Building Materials Group Ltd (CWX) Expected to Earn FY2018 Earnings of $0.50 Per Share

Latest Stocks: CanWel Building Materials Group Ltd (CWX) Expected to Earn FY2018 Earnings of $0.50 Per Share

CWX has been the topic of a number of other research reports. National Bank Financial reiterated an “outperform overweight” rating on shares of CanWel Building Materials Group in a report on Monday, February 6th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$7.25 price target on shares of CanWel Building Materials Group in a report on Thursday, March 9th. Finally, Canaccord Genuity decreased their price target on shares of CanWel Building Materials Group from C$7.75 to C$7.50 in a report on Wednesday, March 8th.

CanWel Building Materials Group Ltd (TSE:CWX) – Research analysts at Cormark upped their FY2018 earnings per share (EPS) estimates for shares of CanWel Building Materials Group in a report issued on Thursday. Cormark analyst G. Fairweather now expects that the company will post earnings of $0.50 per share for the year, up from their previous estimate of $0.48.

CWX has been the topic of a number of other research reports. National Bank Financial reiterated an “outperform overweight” rating on shares of CanWel Building Materials Group in a report on Monday, February 6th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$7.25 price target on shares of CanWel Building Materials Group in a report on Thursday, March 9th. Finally, Canaccord Genuity decreased their price target on shares of CanWel Building Materials Group from C$7.75 to C$7.50 in a report on Wednesday, March 8th. Shares of CanWel Building Materials Group (TSE:CWX) traded down 0.49% during mid-day trading on Monday, reaching $6.14. The company’s stock had a trading volume of 217,706 shares. The company has a market capitalization of $375.47 million and a price-to-earnings ratio of 6.32. CanWel Building Materials Group has a 1-year low of $5.23 and a 1-year high of $7.09. The firm’s 50 day moving average price is $6.03 and its 200-day moving average price is $5.89.

In other CanWel Building Materials Group news, Director Sam Fleiser bought 9,500 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were acquired at an average price of C$5.81 per share, with a total value of C$55,195.00. About CanWel Building Materials Group

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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