CanWel Building Materials Group Ltd. (TSE:DBM) Achieves Average “Buy” Rating by Brokerages

The shares of CanWel Building Materials Group Ltd. (TSE:DBM) received an average recommendation of “buy” from the eight analysts who currently cover the company, reports MarketBeat Ratings. Five analysts rated the stock with a Buy recommendation. The 12-month average price target among analysts who have covered the stock over the past year is C$10.50.

Several equity research analysts have recently weighed in on DBM shares. CIBC raised its target price on shares of CanWel Building Materials Group from C$9.00 to C$10.00 in a Monday, Jan. 10 research note. cut its price target on CanWel Building Materials Group shares from C$7.50 to C$7.00 and set an “na” rating for the company in a Friday, Nov. 5 research note. Stifel Nicolaus began covering CanWel Building Materials Group shares in a research note on Thursday, February 10. They set a “buy” rating and a target price of C$10.00 for the company. Raymond James raised his price target on CanWel Building Materials Group shares from C$9.75 to C$10.50 and gave the stock an “outperform” rating in a Tuesday, Jan. 4, research note. . Finally, Royal Bank of Canada reduced its price target on CanWel Building Materials Group shares from C$11.00 to C$10.00 in a Wednesday, October 20 research note.

IS DBM opened at C$8.13 on Tuesday. The company has a debt ratio of 167.43, a quick ratio of 1.01 and a current ratio of 2.92. The company has a 50-day simple moving average of C$7.91 and a 200-day simple moving average of C$6.68. CanWel Building Materials Group has a 12-month low of C$6.13 and a 12-month high of C$10.83. The stock has a market capitalization of C$704.77 million and a PE ratio of 6.02.

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CanWel Building Materials Group Company Profile

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 decking and railings; engineered wood products; fasteners and adhesives; foundation; insulation and wraps; interior finish; lumber, plywood, OSB and specialty industrial products; roofing products; treated wood; siding and trim; and safety products, as well as formwork and reinforcement products.

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Analyst Recommendations for CanWel Building Materials Group (TSE:DBM)

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