Doman Building Materials Group (TSE:DBM) Given New C$11.50 Price Target at Raymond James

Doman Building Materials Group (TSE:DBM) had its price target cut by equities researchers at Raymond James from C$12.00 to C$11.50 in a research note issued on Tuesday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 41.10% from the company’s current price.

Several other equities research analysts have also weighed in on DBM. Stifel Nicolaus lifted their price target on Doman Building Materials Group from C$11.00 to C$12.00 in a research report on Monday, November 25th. Canaccord Genuity Group upped their price target on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. National Bankshares lifted their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. TD Securities increased their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. Finally, CIBC lowered their price target on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Wednesday, January 15th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$11.29.

Doman Building Materials Group Trading Down 0.6 %

Shares of TSE DBM traded down C$0.05 during midday trading on Tuesday, hitting C$8.15. 63,661 shares of the company traded hands, compared to its average volume of 178,956. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. Doman Building Materials Group has a 12-month low of C$6.32 and a 12-month high of C$9.96. The stock has a 50-day moving average price of C$8.96 and a 200 day moving average price of C$8.07. The firm has a market cap of C$711.41 million, a P/E ratio of 11.32 and a beta of 1.53.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.