Marc Seguin Acquires 10,000 Shares of CanWel Building Materials Group Ltd (CWX) Stock

CanWel Building Materials Group Ltd (TSE:CWX) Director Marc Seguin acquired 10,000 shares of the company’s stock in a transaction on Friday, September 21st. The stock was acquired at an average cost of C$5.70 per share, for a total transaction of C$57,000.00.

CWX opened at C$5.83 on Thursday. CanWel Building Materials Group Ltd has a fifty-two week low of C$5.57 and a fifty-two week high of C$7.50.

CanWel Building Materials Group (TSE:CWX) last released its quarterly earnings results on Wednesday, August 1st. The company reported C$0.19 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). CanWel Building Materials Group had a net margin of 3.65% and a return on equity of 15.13%. The firm had revenue of C$382.10 million for the quarter, compared to the consensus estimate of C$415.20 million.

CWX has been the topic of a number of recent research reports. Canaccord Genuity dropped their price objective on shares of CanWel Building Materials Group from C$7.75 to C$7.50 in a research note on Thursday, August 2nd. Raymond James dropped their price objective on shares of CanWel Building Materials Group from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 12th. CIBC raised their price objective on shares of CanWel Building Materials Group from C$6.50 to C$7.00 in a research note on Thursday, July 12th. Finally, National Bank Financial dropped their price target on shares of CanWel Building Materials Group from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a research report on Friday, September 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$7.20.

About CanWel Building Materials Group

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells adhesives; decking and railing; engineered wood products; fasteners; foundation; insulation; interior finishing; building envelope; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and décor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.

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