CanWel Building (CWX) has received a rating update from a Wall Street analyst today. The company received a Buy rating from GMP FirstEnergy’s analyst Anoop Prihar, with a C$5.60 price target.
Prihar has an average return of 8.6% when recommending CanWel Building.
According to TipRanks.com, Prihar is ranked #3680 out of 5129 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CanWel Building with a C$6.20 average price target, implying a 24.0% upside from current levels. In a report issued on January 18, National Bank also maintained a Buy rating on the stock with a C$7 price target.
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CanWel Building’s market cap is currently C$395.7M and has a P/E ratio of 11.3. The company has a Price to Book ratio of 1.09.
CanWel Building Materials Group Ltd. engages in the distribution and trade of construction materials. It operates through the Building Materials Distribution and Forestry segments. The Building Materials Distribution segment supplies building materials and home renovation products and provides value-added services such as lumber pressure treating.
The company’s shares closed on Monday at C$5.
