CanWel Building (CWX) was Downgraded to a Hold Rating at Raymond James


In a latest note to investors, a research analyst has provided a rating update for the CanWel Building (CWX). Raymond James’ analyst Steve Hansen downgraded CWX to Hold today , with a C$5 price target.

According to TipRanks.com, Hansen is ranked #1390 out of 5233 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CanWel Building with a C$5.28 average price target.

Based on CanWel Building’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$8.49 million. In comparison, last year the company had a net profit of C$5.76 million.

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$4.79.

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