CanWel Building Materials Group (OTCMKTS:CWXZF) had its price objective lifted by Raymond James from C$12.25 to C$13.50 in a research report sent to investors on Monday morning, The Fly reports. Raymond James currently has an outperform rating on the stock.
Several other equities analysts have also issued reports on CWXZF. Canaccord Genuity raised shares of CanWel Building Materials Group from a hold rating to a buy rating in a report on Tuesday, April 20th. CIBC raised shares of CanWel Building Materials Group from a neutral rating to an outperform rating in a report on Wednesday, May 12th. Royal Bank of Canada lifted their price objective on shares of CanWel Building Materials Group from $10.00 to $11.00 and gave the company an outperform rating in a report on Monday, March 15th. Stifel Nicolaus lifted their price objective on shares of CanWel Building Materials Group from C$11.80 to C$14.00 and gave the company a buy rating in a report on Monday. Finally, National Bank Financial reissued an outperform rating on shares of CanWel Building Materials Group in a report on Monday, March 15th. Six research analysts have rated the stock with a buy rating, CanWel Building Materials Group presently has an average rating of Buy and an average target price of $12.10.
Shares of OTCMKTS:CWXZF opened at $7.56 on Monday. The stock’s 50 day moving average is $7.49. CanWel Building Materials Group has a one year low of $2.61 and a one year high of $8.61.
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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