CanWel Building Materials Group Ltd. (TSE: DBM) receives an average ‘buy’ recommendation from brokerage firms
CanWel Building Materials Group Ltd. (TSE: DBM) received an average rating of “Buy” from the seven research companies that cover the business, reports MarketBeat.com. Five equity research analysts rated the stock with a buy recommendation. The 12-month average price target among analysts who hedged the stock in the past year is C $ 10.54.
A number of equity research analysts have recently commented on DBM stocks. Raymond James lowered his target price on CanWel Building Materials Group from C $ 10.50 to C $ 9.75 and set an “outperformance” rating for the stock in a research note on Monday, November 8. CIBC reiterated a âbuyâ note on CanWel Building Materials Group shares in a research note on Thursday, September 30. The Royal Bank of Canada lowered its price target on CanWel Building Materials Group from C $ 11.00 to C $ 10.00 in a research note on Wednesday, October 20. Finally, Canaccord Genuity lowered its price target on CanWel Building Materials Group from C $ 7.50 to C $ 7.00 and assigned a “na” rating to the stock in a research note on Friday, November 5th.
DBM opened at CA $ 7.66 on Monday. The company has a debt to equity ratio of 167.43, a current ratio of 2.92 and a rapid ratio of 1.01. The company has a market capitalization of 664.03 million Canadian dollars and a price / earnings ratio of 5.67. The company’s fifty-day mobile average price is C $ 7.05 and its two-hundred-day mobile average price is C $ 4.73. CanWel Building Materials Group has a minimum of one year at C $ 6.13 and a maximum of one year at C $ 10.83.
CanWel Building Materials Group (TSE: DBM) last published its results on Thursday, November 4. The company reported EPS of C $ 0.09 for the quarter, exceeding Zacks’ consensus estimate of C $ 0.08 by C $ 0.01. The company reported sales of C $ 625.29 million for the quarter, compared to the consensus estimate of C $ 595.10 million. As a group, stock analysts predict that CanWel Building Materials Group will post 0.91 EPS for the current year.
About the CanWel Building Materials Group
CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home improvement products in Canada, Hawaii and the western United States. It operates through two segments, distribution and forestry. The company sells terraces and railings; engineered wood products; fasteners and adhesives; foundation; insulation and envelopes; interior finish; lumber, plywood, OSB panels and specialized industrial products; roofing products; treated wood; coating and trim products; and security products, as well as shape and reinforcement products.
Featured Story: Stock Portfolio Tracker
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [emailÂ protected]
Should you invest $ 1,000 in CanWel Building Materials Group now?
Before you consider CanWel Building Materials Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold … and CanWel Building Materials Group was not on the list.
Although CanWel Building Materials Group currently has a âBuyâ rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here