CanWel Building Materials Group Ltd (TSE:CWX) Director Ian Baskerville Acquires 8,300 Shares

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CanWel Building Materials Group Ltd (TSE:CWX) Director Ian Baskerville bought 8,300 shares of CanWel Building Materials Group stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of C$4.40 per share, with a total value of C$36,520.00. Following the acquisition, the director now directly owns 73,438 shares in the company, valued at C$323,127.20.

Shares of CWX traded up C$0.02 during trading hours on Tuesday, reaching C$4.38. 50,560 shares of the company’s stock traded hands, compared to its average volume of 153,573. The company has a market capitalization of $338.73 million and a PE ratio of 20.90. The company has a debt-to-equity ratio of 158.20, a quick ratio of 1.34 and a current ratio of 3.10. The firm’s 50 day simple moving average is C$4.70. CanWel Building Materials Group Ltd has a 12 month low of C$4.19 and a 12 month high of C$6.50.

A number of research analysts have weighed in on the company. CIBC reduced their target price on CanWel Building Materials Group from C$5.50 to C$4.50 in a report on Monday, May 13th. Canaccord Genuity dropped their price target on CanWel Building Materials Group from C$4.25 to C$4.00 in a research report on Tuesday, August 6th. National Bank Financial set a C$4.50 price target on CanWel Building Materials Group in a research report on Friday, May 10th. Finally, Raymond James set a C$5.00 price target on CanWel Building Materials Group and gave the company a “market perform” rating in a research report on Tuesday, August 6th.

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 decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and building envelope; interior finishing; 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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