After Today’s Huge Decline, Is CanWel Building Materials Group Ltd’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is CanWel Building Materials Group Ltd's Near Term Analysis Negative?

The stock of CanWel Building Materials Group Ltd (TSE:CWX) is a huge mover today! About 154,701 shares traded hands. CanWel Building Materials Group Ltd (TSE:CWX) has risen 15.92% since April 11, 2016 and is uptrending. It has outperformed by 12.00% the S&P500.
The move comes after 6 months negative chart setup for the $327.16 million company. It was reported on Nov, 15 by Barchart.com. We have $4.75 PT which if reached, will make TSE:CWX worth $35.99M less.

CanWel Building Materials Group Ltd (TSE:CWX) Ratings Coverage

Out of 3 analysts covering Canwel Building Materials Group Ltd. (TSE:CWX), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Canwel Building Materials Group Ltd. has been the topic of 4 analyst reports since October 29, 2015 according to StockzIntelligence Inc. The rating was downgraded by Cormark Securities on Wednesday, November 2 to “Market Perform”.

Another recent and important CanWel Building Materials Group Ltd (TSE:CWX) news was published by Marketwired.com which published an article titled: “CanWel Building Materials Group Ltd. Announces $60 Million Bought Deal Equity …” on August 15, 2016.

CanWel Building Materials Group Ltd

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