Doman Building Materials Group (TSE:DBM) Price Target Cut to C$11.50 by Analysts at CIBC

Doman Building Materials Group (TSE:DBM) had its target price cut by CIBC from C$12.00 to C$11.50 in a research note released on Wednesday,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group upped their target price on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Raymond James raised their price objective on Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. National Bankshares boosted their target price on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. TD Securities upped their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their price target on Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$11.29.

Doman Building Materials Group Stock Performance

TSE:DBM opened at C$8.33 on Wednesday. The firm has a market cap of C$727.13 million, a price-to-earnings ratio of 11.57 and a beta of 1.53. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. Doman Building Materials Group has a 1-year low of C$6.32 and a 1-year high of C$9.96. The firm’s fifty day moving average price is C$8.99 and its 200 day moving average price is C$8.04.

About Doman Building Materials Group

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.