CanWel Building Materials Group Ltd (CWX) Given New C$7.50 Price Target at National Bank Financial

CanWel Building Materials Group Ltd (TSE:CWX) had its price objective upped by National Bank Financial from C$7.00 to C$7.50 in a report issued on Monday morning. They currently have an outperform rating on the stock.

A number of other research firms have also recently weighed in on CWX. Royal Bank Of Canada reaffirmed an outperform rating and set a C$7.50 price objective on shares of CanWel Building Materials Group in a research report on Monday, October 23rd. Canaccord Genuity lifted their price objective on CanWel Building Materials Group from C$7.00 to C$7.50 and gave the company a speculative buy rating in a research report on Wednesday, September 27th.

CanWel Building Materials Group (TSE:CWX) traded up C$0.04 during mid-day trading on Monday, hitting C$6.75. The stock had a trading volume of 107,872 shares, compared to its average volume of 153,333. CanWel Building Materials Group has a 12-month low of C$5.23 and a 12-month high of C$6.85.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.30%. CanWel Building Materials Group’s payout ratio is currently 160.00%.

About CanWel Building Materials Group

CanWel Building Materials Group Ltd is a Canada-based wholesale distributor of building materials and home renovation products, and provider of wood pressure treating services in Canada and the Western United States. The Company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers similar concerns.

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