CanWel Building Materials Group Ltd. (CWX) Director Purchases C$206,400.00 in Stock

CanWel Building Materials Group Ltd. (TSE:CWX) Director Amar Doman purchased 30,000 shares of the stock in a transaction on Wednesday, March 14th. The shares were bought at an average cost of C$6.88 per share, for a total transaction of C$206,400.00.

Amar Doman also recently made the following trade(s):

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  • On Friday, March 23rd, Amar Doman bought 35,000 shares of CanWel Building Materials Group stock. The shares were bought at an average price of C$6.73 per share, with a total value of C$235,550.00.
  • On Wednesday, March 21st, Amar Doman acquired 10,000 shares of CanWel Building Materials Group stock. The shares were acquired at an average price of C$6.83 per share, with a total value of C$68,300.00.

TSE CWX opened at C$6.36 on Friday. CanWel Building Materials Group Ltd. has a one year low of C$5.84 and a one year high of C$7.50.

CanWel Building Materials Group (TSE:CWX) last announced its quarterly earnings results on Thursday, March 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.02. CanWel Building Materials Group had a return on equity of 15.13% and a net margin of 3.65%. The business had revenue of C$276.22 million for the quarter, compared to analyst estimates of C$255.96 million.

CWX has been the subject of several recent analyst reports. Canaccord Genuity upgraded CanWel Building Materials Group from a “speculative buy” rating to a “buy” rating in a research report on Friday, March 9th. National Bank Financial upped their target price on CanWel Building Materials Group from C$7.50 to C$8.00 and gave the stock an “outperform” rating in a report on Friday, March 9th. Finally, CIBC reissued a “neutral” rating and issued a C$6.50 price target on shares of CanWel Building Materials Group in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$7.40.

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About CanWel Building Materials Group

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada and the Western United States. The company sells adhesives; engineered wood products; fasteners; foundation, insulation, interior finishing, and outdoor living products; roofing and accessories; and siding and trim, underlayment, and security and doorware products.

Insider Buying and Selling by Quarter for CanWel Building Materials Group (TSE:CWX)

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