CanWel Building Materials Group (TSE:DBM) Coverage initiated by Stifel Nicolaus analysts
Stifel Nicolaus equity researchers have started covering the shares of CanWel Building Materials Group (TSE:DBM) in a research note published Thursday, TipRanks reports. The brokerage has set a “buy” rating and price target of C$10.00 for the stock. Stifel Nicolaus’ target price would suggest a potential upside of 20.05% from the company’s current price.
Other equity research analysts have also recently published research reports on the company. CIBC raised its price target on CanWel Building Materials Group from C$9.00 to C$10.00 in a Monday, January 10 research report. lowered its target price 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, report. Raymond James raised its 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 report on Tuesday, January 4. Finally, Royal Bank of Canada lowered its price target on CanWel Building Materials Group shares from C$11.00 to C$10.00 in a report released on Wednesday, October 20. Seven investment analysts gave the stock a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “buy” and an average price target of C$10.50.
CanWel Building Materials Group Stocks traded at C$0.08 in midday trading on Thursday, rising to C$8.33. The stock recorded trading volume of 73,167 shares, compared to an average trading volume of 245,135 shares. The company has a current ratio of 2.92, a quick ratio of 1.01 and a debt ratio of 167.43. The company has a fifty-day moving average price of C$7.87 and a two-hundred-day moving average price of C$6.57. The company has a market capitalization of C$722.11 million and a P/E ratio of 6.17. CanWel Building Materials Group has a 12-month low of C$6.13 and a 12-month high of C$10.83.
About 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 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 woodwork products; and safety products, as well as formwork and reinforcement products.
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