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, 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.

(A d)

These are the Penny Stock patterns that every trader should be able to spot. Two of them were responsible for my biggest winners.

Click here to get your free copy now.

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.

Read more

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

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in CanWel Building Materials Group right now?

Before you consider CanWel Building Materials Group, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and CanWel Building Materials Group was not on the list.

Although CanWel Building Materials Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.