CanWel Building (CWX) Receives a Buy from National Bank


A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Analyst Leon Aghazarian from National Bank reiterated a Buy rating on CanWel Building (CWX), with a C$7 price target.

According to TipRanks.com, Aghazarian is ranked #2414 out of 5111 analysts.

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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, representing a 23.3% upside. In a report issued on January 8, RBC Capital also reiterated a Buy rating on the stock with a C$6 price target.

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The company has a one-year high of C$7.44 and a one-year low of C$4.19. Currently, CanWel Building has an average volume of 203.2K.

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 Friday at C$5.03.

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